Skip to main content

Booking Holdings: Q1 Earnings Snapshot

NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Booking Holdings Inc. (BKNG) on Tuesday reported first-quarter profit of $1.08 billion.

The Norwalk, Connecticut-based company said it had net income of $1.36 per share. Earnings, adjusted for one-time gains and costs, came to $1.14 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The online booking service posted revenue of $5.53 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $5.5 billion.

Booking Holdings shares have decreased 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $175.70, a drop of 10% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKNG at https://www.zacks.com/ap/BKNG

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related Stories

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary