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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Booking Holdings Inc | NASDAQ:BKNG | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3,577.38 | 3,586.50 | 3,600.00 | 84 | 12:26:07 |
From May 2022 to May 2024
By Denny Jacob
Booking Holdings Inc. swung to a profit in the second quarter as the impact of the Covid-19 pandemic faded as global travel rebounded.
The online travel services provider reported a gain of $857 million, or $21.15 a share, compared with a loss of $167 million, or a loss of $4.08 a share, in the year-ago period. Adjusted earnings were $19.08 a share, above analysts' expectations of $18.19.
Revenue rose to $4.29 billion from $2.16 billion. Analysts polled by FactSet had expected $4.33 billion.
Gross travel bookings, which is the total dollar value of all travel services booked net of cancellations, increased 57% from a year earlier to $34.5 billion.
Chief Executive Glenn Fogel said the company expects record third-quarter revenue.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 03, 2022 16:29 ET (20:29 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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