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.”
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company