Your current location:HOME >entertainment >Airbnb shares slide on lower revenue forecast despite a doubling of net income 正文
TIME:2024-05-09 09:51:48 Source: Internet compilationEdit:entertainment
SAN 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.
Republicans renew push to exclude noncitizens from the census that helps determine political power2024-05-09 09:44
Woman dies after riding on car's hood and falling off, police say2024-05-09 09:37
Alabama lawmakers advance bill to strengthen state's weak open records law2024-05-09 08:37
The Latest2024-05-09 08:34
A Very British Sex Scandal: The True story behind Margaret, the Duchess of Argyll2024-05-09 08:12
Carlos Carrasco pitches solid into the 6th inning, Guardians edge Red Sox 52024-05-09 08:07
MLB suspends Pirates Aroldis Chapman, fines him for 'inappropriate actions'2024-05-09 07:33
Shapiro says Pennsylvania will move all school standardized testing online in 20262024-05-09 07:14
Top water official in New Mexico to retire as state awaits decision in Rio Grande case2024-05-09 07:11
UConn forward Alex Karaban declares for NBA draft while retaining college eligibility2024-05-09 07:05
The Rev. Al Sharpton calls for justice in eulogy for Ohio man who died last month in police custody2024-05-09 09:47
Palestinian American poet Fady Joudah receives $100,000 prize2024-05-09 09:46
Buccaneers eager to use the NFL draft to narrow the gap between themselves and other top teams2024-05-09 09:27
AP Week in Pictures: North America2024-05-09 09:21
Mexico tightens travel rules on Peruvians in a show of visa diplomacy to slow migration to US2024-05-09 08:27
Tennessee lawmakers approve $52.8B spending plan as hopes of school voucher agreement flounder2024-05-09 08:11
Group condemns 'humiliating searches' by security at Barcelona stadium2024-05-09 08:07
Giants may consider QB in NFL draft as Daniel Jones recovers from ACL injury2024-05-09 07:34
VERY awkward moment Met Gala staffer suffers embarrassing tumble on the red carpet2024-05-09 07:22
China completes construction of record2024-05-09 07:05