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.”
Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew
Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter
Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings