Airbnb Inc ABNB shares are trading lower by 1.48% to $111.52 Thursday morning. The stock is trading lower on continued downward momentum after the company issued soft second-quarter guidance.
The stock also received a number of analyst rating updates following the earnings print.
What Happened?
Airbnb reported quarterly earnings of 18 cents per share which beat the analyst consensus estimate of 7 cents.
The company also reported quarterly sales of $1.80 billion which beat the analyst consensus estimate of $1.60 billion by 12.5%. This sales figure represents a 19.3% increase over sales of $1.51 billion in the same period last year.
The company reported nights and experiences booked in the first quarter totaled 121.1 million, up 19% year-over-year and a record high.
Airbnb said more guests are traveling and utilizing Airbnb than ever before...Read More
According to data from Benzinga Pro, ABNB has a 52-week high of $144.63 and a 52-week low of $81.91.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
