Business Corpus: Booking Holdings Second Quarter Results Beat But Outlook A MissOnline travel firm Booking Holdings reported second-quarter earnings before the market open Tuesday that beat estimates but its earnings outlook for the current quarter fell short. The post Booking Holdings Second Quarter Results Beat But Outlook A Miss appeared first on Investor's Business Daily.

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Online travel firm Booking Holdings (BKNG) reported second-quarter earnings before the market open Tuesday that beat estimates but its earnings outlook for the current quarter fell short and its shares tumbled.

Booking Holdings, formerly known as Priceline, reported revenue of $3.54 billion, up 17% from the year-ago period. That beat the consensus estimate of $3.44 billion. It reported adjusted earnings of $20.67 per share, beating analyst estimates for $17.34.

Shares of Booking were down 7.6%, near 1,890, during premarket trading on the stock market today.

Guidance Below Views

For the current quarter, Booking expects its adjusted per-share earnings to range from $36.70 to $37.70. That's below analyst forecasts for $39.79.

Booking Holdings changed its name from Priceline early this year. The company has six main online properties, the largest being Booking.com. Its main competitor is Expedia (EXPE).

"We will continue to execute on our long-term strategy to drive profitable growth and invest in capabilities to increase customer loyalty and build a larger direct business." Booking Chief Executive Glenn Fogel said in prepared remarks.

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The post Booking Holdings Second Quarter Results Beat But Outlook A Miss appeared first on Investor's Business Daily.