— Booking Holdings Inc. (NASDAQ: BKNG) reported Q4 2019 earnings of $23.30 per share, vs. $22.04 expected.
— Q4 revenues grew 4% to $3.34 billion, vs. $3.28 billion expected.
— Q4 gross travel bookings increased 5% to $20.7 billion.
— Q1 2020 revenue is expected to be down 3% to 7%.
— Q1 2020 GAAP EPS is expected to be $7.95 to $8.55.
— Q1 2020 adjusted EPS is expected to be $9.05 to $9.65.
— CEO: While the outlook for global travel in the near- term is uncertain due to the coronavirus, we will manage the business appropriately to enhance long-term value for our stakeholders.
— BKNG shares fell 3.9% immediately following the announcement.
Levi Strauss & Co. (NYSE: LEVI) reported a 4% increase in earnings for the first quarter of 2020 helped by lower income tax expenses despite a rise in operating expenses.
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers