Online travel service provider Booking Holdings (NASDAQ: BKNG) reported non-GAAP earnings of $3.77 per share on revenue of $2.3 billion in the first quarter of 2020. The market had expected the company to post earnings of $6.10 per share on revenue of $2.31 billion. BKNG stock was down about 2% immediately after the earnings announcement.
On a GAAP basis, the company reported a net loss in the first quarter of $699 million or $17.01 per share, compared with net income of $765 million or $16.85 per share in the first quarter of 2019.
Booking Holdings’ first quarter results were negatively impacted by the COVID-19 pandemic and the resulting economic conditions and government orders.
BKNG stock had dropped 30% since the beginning of 2020. After reaching its 52-week high ($2,094) in January, the stock plunged to a 52-week low ($1,107.29) in March 2020.
Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also
The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,
HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5