Current location:entertainment >>
Airbnb shares slide on lower revenue forecast despite a doubling of net income
entertainment839People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Corner news portal”。http://dominica.intifocus.com/html-72c499493.html
Related articles
Houston mayor says police chief is out amid probe into thousands of dropped cases
entertainmentHOUSTON (AP) — The mayor of Houston has accepted the retirement of the city’s police chief as the de ...
Read morePatrick Bailey hits walk
entertainmentSAN FRANCISCO (AP) — Patrick Bailey hit a walk-off three-run homer, Kyle Harrison pitched six shutou ...
Read moreBORIS JOHNSON: Come on London! Time to kick out high
entertainmentImagine your elation at the news. It’s almost a week from now, round about midnight on Friday, and t ...
Read more
Popular articles
- German teams' success in Champions League disrupting Germany's Euro 2024 preparations
- Zendaya's racy Challengers three
- SZA and Keke Palmer are set to star in a buddy comedy from producer Issa Rae
- Student anti
- Nicaragua cancels a controversial Chinese interoceanic canal concession after nearly a decade
- Top 100 prospects have been scooped up but Saturday is still stocked with NFL difference
Latest articles
Keith Urban is back in Sin City! Country singer announces third Las Vegas residency after 2021 show
Ober stays hot, Santana homers to help Twins beat Angels 5
Class of 2024 reflects on college years marked by COVID
NZ wins toss, opts to bowl in 5th and final T20 against Pakistan
Keith Urban is back in Sin City! Country singer announces third Las Vegas residency after 2021 show
A tornado strikes the southern China metropolis of Guangzhou
LINKS
- China to Highlight Green, Low
- China to Have 5.5 Million Nurses by 2025
- Free Extracurricular Classes Nurture Talents of Tibetan Children
- Second Live Class Held from China's Space Station
- 75 Percent of Chinese Population to Be Registered with Family Doctors by 2035
- Sitting Tai Chi Exercises Help Improve Stroke Recovery: Study
- China National Botanical Garden Inaugurated in Beijing
- Reading Becomes More Popular Among Chinese in 2021: Survey
- People Celebrate Traditional Flower Festival in East China
- China to Increase Per Capita Sports Area to 2.6 SQM in 2025