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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 | |
---|---|---|---|---|---|---|---|---|---|---|
21.03 | 0.59% | 3,598.41 | 3,586.00 | 3,597.79 | 3,599.28 | 3,520.93 | 3,594.00 | 349,993 | 00:11:15 |
By Kimberly Chin
Booking Holdings Inc. reported lower profit and sales as it missed out on the typically lucrative summer season due to the decimation in global travel during the Covid-19 pandemic.
The online-travel agency, which operates sites like Booking.com, Kayak and OpenTable, posted a profit of $801 million, or $19.49 a share, compared with $1.95 billion, or $45.54 a share, a year earlier. Adjusted earnings were $12.27 a share. Analysts polled by FactSet expected a profit of $13.85 a share and $14.36 a share on an adjusted basis.
Revenue decreased to $2.64 billion from $5.04 billion in last year's third quarter on lower merchant, advertising and other revenues. Analysts were expecting $2.55 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
November 05, 2020 16:30 ET (21:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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