Expedia plummets after missing earnings estimates

Thursday, 07. November 2019 16:00

Travel booking tech firm Expedia Group Inc. saw its shares dive over 20% on Thursday after its third-quarter earnings missed market expectations.

Revenue was up by 9% to $3.57 billion as earnings per share lost 21% to come in at $2.71. Meanwhile, both gross bookings and room night growth jumped 9%.

At 9:57 am ET, stocks plummeted 23.63% to $103.24, lowest year-to-date.

Related Links: Expedia Group, Inc.
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Breaking the News / NI