Expedia Group (NASDAQ: EXPE) reported third-quarter 2020 financial results after the regular trading hours on Wednesday. The travel company reported a 58% decline in Q3 revenue of $1.5 billion, surpassing the Wall Street consensus. The company reported a net loss of $0.22 per share, narrower than what analysts had anticipated.
EXPE shares gained 4.5% immediately following the announcement. The stock has slipped 12% since the beginning of this year.
CEO Peter Kern said, “While it will take a more fulsome rebound in travel before we will see the effect of many of these improvements, I am confident that we have made and will continue to make great strides to reshape our business and the industry during this challenging time.”
The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system
Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen
Amazon Web Services (AWS), a leading cloud computing platform, went down in the morning hours of Wednesday. Many applications – including Anchor, Adobe Spark, Flickr, SiriusXM and Roku reported disruption