Booking Holdings: Q4 Earnings Snapshot
NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Booking Holdings Inc. (BKNG) on Thursday reported fourth-quarter net income of $1.24 billion.
The Norwalk, Connecticut-based company said it had net income of $31.92 per share. Earnings, adjusted for non-recurring gains, came to $24.74 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $20.97 per share.
The online booking service posted revenue of $4.05 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $3.86 billion.
Booking Holdings shares have risen 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $2,432.61, a decrease of 1.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKNG at https://www.zacks.com/ap/BKNG