Airbnb is down on its latest report, but investors are missing the forest for the trees.Airbnb's (ABNB -0.50%) first-quarter earnings report was fresh off the press on May 8. Despite solid beats on the top and bottom lines, investors sold the stock the following day as second-quarter guidance came up short. Shares lost 7%, a significant one-day sell-off for the travel leader.Revenue increased 18% year over year to $2.14 billion last quarter, ahead of the $2.06 billion consensus, while earnings per share mor ...

Airbnb (ABNB) reported adjusted earnings of 41 cents per share for first-quarter 2024, which jumped from 18 cents per share reported in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 78.3%.Revenues of $2.14 billion increased 18% on a reported basis, as well as on an FX-neutral basis, year over year. The top line also surpassed the Zacks Consensus Estimate by 3.7%.The year-over-year increase was driven by continued strength in travel demand and the timing of the Easter holiday. Co ...

In the late 1970s, Louis Navellier – then a college student, now a senior analyst at InvestorPlace – accidentally beat the market. By running financial data through a Wells Fargo mainframe computer (an enormous privilege at the time!), he came across a model that beat the S&P 500 by a considerable margin.Since then, he’s developed his system into Portfolio Grader, a quantitative stock-picking system that has trounced the market. It’s found picks like Oracle (NYSE:ORCL) at $6… Intel (NASDAQ:INTC) at under $1 ...

The S&P 500 Information Technology Sector Index lost ground intraday Thursday, edging 0.2% lower as of 11:15 a.m. ET. The broader S&P 500 was up 0.4%, while the tech-heavy Nasdaq gained 0.2%. Weaker-than-expected guidance sent shares of vacation rental site Airbnb (ABNB) lower, while shares of Equinix (EQIX) soared after the data center real estate investment trust (REIT) beat analysts' forcasts for earnings before interest, taxes, depreciation, and amortization (EBITDA). AppLovin shares were also higher a ...

Despite first-quarter earnings and revenue beats, Airbnb Inc (NASDAQ:ABNB) stock is down 6% to trade at $148.51 after the company issued a lackluster fiscal second-quarter outlook. An earlier-than-usual Easter holiday and currency exchange rates overshadowed strong demand for international travel.The results already drew four price-target cuts and two hikes, with Deutsche Bank adjusting lower to $148 from $158. Analysts are already bearish on ABNB, with 25 of 36 firms in coverage sporting a "hold" or worse ...

Key PointsAirbnb stock is plummeting by 8.5% after reporting first-quarter 2024 earnings, an opportunity for investors to squeeze.The business fundamentals grew, with free cash flow leading into a potential multi-bagger.Wall Street analysts and markets agree that Airbnb is a winner.5 stocks we like better than BookingFirst-quarter earnings are arguably the most important reports for any stock to release, as they set the tone for the rest of the year and give investors insight into their current—and potentia ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Airbnb app icon is seen on an iPad screen on May 8, 2021, in Washington. Airbnb reports earnings on Wednesday, April 8, 2024. Credit: AP Photo/Patrick Semansky, File Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop fort its stock in after-market trading ...

Key TakeawaysAirbnb shares moved lower in extended trading on Wednesday after the short-term accommodation company's current quarter guidance overshadowed quarterly results that topped Wall Street expectations.The company said its current-quarter results face “a significant sequential headwind” from the timing of Easter, an added leap-year day in the prior quarter, and the impact of foreign exchange fluctuations.Airbnb shares find a zone of support between $141 and $148 from the 200-day moving average and p ...

Airbnb’s first quarter results showed growth in listings and in nights booked.And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the Olympics.But stable growth, forecast by management for the current quarter, left investors unimpressed, at least after the bell Wednesday (May 8), and they sent the shares lower by 8% in after-market trading.CEO Brian Chesky ...

Wednesday, May 8th, 2024Markets were flat again this Hump Day. Over the past week or so of trading, the major indices have been treading water. For the past month, the Dow and the Nasdaq are marginally in the green, while the S&P 500 is marginally in the red and the small-cap Russell 2000 is -0.9%. For today’s session, the Dow scraped together +172 points, +0.44%, while the S&P was exactly 0.00%. The Nasdaq dipped a tad, -0.18%, while the Russell dropped -0.46%. For the Dow, it’s currently on the most tepid ...