Exceeding Forecasts: Booking Holdings and Trupanion's Q2 Earnings
- August 03rd, 2023
- 318 views
Shares of Booking Holdings Inc. (Nasdaq: BKNG) experienced a remarkable after-hours surge of over 10% following the release of its second-quarter 2023 financial results.
The company outperformed expectations with an earnings per share (EPS) of $37.62 and revenues of $5.46 billion, surpassing the consensus estimate for the period of $28.80 and $5.17 billion, respectively.
$BKNG was trading at $3,170.69 in the extended session, up $330.78 (+11.65%)
In other news, Trupanion, Inc. (Nasdaq: TRUP) reported a Q2 2023 loss of $0.33 per share, with revenue hitting $270.57 million, surpassing the analysts' forecasts of a $0.41 per share loss and $262.82 million revenue.
The company also achieved positive strides in its free cash flow, advancing toward its Q4 2023 goal of becoming cash flow positive.
In after-hours, $TRUP was trading at $30.00, showing an increase of $0.76 (+2.60%)
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