Booking Holdings Crushes Q1, Shares Still Down

0:00Booking holdings just dropped their first quarter numbers, and they crushed it with a profit of $1.08 billion. That's net income of $1.36 per share, and adjusted for one-time stuff, it hit $1.14. Wall Street was expecting $1.10, so yeah, they beat those forecasts handily. Revenue came in at $5.5 billion, topping the $5.5 billion that analysts predicted. This from the Norwalk Connecticut crew, behind those big online booking platforms, we all use for trips. Even with the strong earnings, shares are down 18% since the start of the year. Traders seem to shrug it off in after hours action. In Tuesday's final trading, the stock sat at $175.70, marking a 10% slide over the last 12 months. Travel bookings might be picking up, but investors are watching costs and competition closely, hence the pressure on for the next quarter. Local news, powered by AI, this is Hartford News Today.