Current location:Culture Channel news portal > style
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Culture Channel news portal2024-05-09 09:39:32【style】0People have gathered around
IntroductionSAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter, but management’s disappointing
SAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter, but management’s disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday.
The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year earlier, on revenue that rose 18% to $2.14 billion. Earnings per share in the quarter jumped to 41 cents; analysts surveyed by FactSet expected 23 cents.
Earnings growth was partly driven by a shift in the Easter holiday, which came during the first quarter this year versus the second quarter in 2023. Easter is a significant travel holiday.
The quarter also included the Feb. 29 “leap day,” which added an extra day of business to the first quarter compared to a year earlier.
Airbnb projected revenue in the second quarter between $2.68 billion and $2.74 billion. That fell short of Wall Street expectations, partly because of unfavorable exchange rates and partly because of Easter falling earlier.
Address of this article:http://mauritius.27smiles.com/content-49b599416.html
Very good!(68256)
Related articles
- With inflation soaring, Argentina will start printing 10,000 peso notes
- China Strengthens Legal Aid for Abducted Women
- China to Issue Commemorative Coins on Auspicious Culture
- Ancient Water
- Dozens still missing after Monday's South Africa building collapse. 7 confirmed dead
- Sitting Tai Chi Exercises Help Improve Stroke Recovery: Study
- People Celebrate Traditional Flower Festival in East China
- SPP Launches Judicial Operation to Help Women in Need
- Missouri's GOP Gov. Mike Parson signs law expanding voucher
- Experts Highlight Tibet's Achievements in Promoting Culture, People's Well
Popular articles
Recommended
US's largest public utility ignores warnings in moving forward with new natural gas plant
People Celebrate Traditional Flower Festival in East China
Education of Women, Girls Critical for Sustainable Development: Symposium
China Focus: Children's Literature in Tibetan Language Turns New Page
Some Xavier University students upset with planned commencement address by UN ambassador
Ethnic People Dance to Celebrate Festival in SW China
Chinese University to Compile Textbooks for Intangible Cultural Heritage Studies
UNESCO, China's Gansu Collaborate in Cultural Heritage Protection
Links
- Nets hire Jordi Fernandez as coach. Fernandez was Kings' associate head coach for two years
- The Princess Bride star Cary Elwes reflects on how his role in 1980s cult classic changed his life
- CPC issues revised regulations on disciplinary inspections
- Police in Greece raid homes and detain dozens in crackdown on deadly soccer violence
- Alcaraz and Nadal continue recovery from injuries at Madrid Open while Djokovic skips tournament
- 4 Germans caught marking Hitler's birthday outside Nazi dictator's birthplace in Austria
- The US is expected to block aid to an Israeli military unit. What is Leahy law that it would cite?
- Australian leader criticizes X for failing to remove church violence content
- Tennessee Gov. Lee admits defeat in school voucher push
- Nearly 80 die in 3 weeks at Myanmar refugee camps: aid workers — Radio Free Asia