Booking Holdings shares jump after hours as Americans continue to travel
While Elon Musk is trying to sell the idea of space travel, Booking Holdings is firmly grounded on earth and is a good barometer of consumer health.
The company reported adjusted EPS of $2.54 compared to $2.45 estimated. Revenue was $7.4 billion compared to $7.189B expected.
The market likes the numbers with shares up 5% after hours.
The commentary in the earnings release was positive on the macro backdrop.
"Despite continued geopolitical and macroeconomic uncertainty during the second quarter, the underlying desire to travel remained resilient, and we are pleased with our results, which reflect the strength of our global platform and the disciplined execution of our teams," said Glenn Fogel, Chief Executive Officer of Booking Holdings.
Some numbers:
- Room nights +5% y/y
- Gross bookings in dollar terms up 9% y/y
For the upcoming quarter the company said travel has remained resilient but it's mindful of the Middle East conflict and it assumes higher flight costs remain:
- Room nights 3-5% y/y
- Gross bookings +4-6% (and high single digits on the year)
Those are solid numbers
This article was written by Adam Button at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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