Expedia’s Q4 Results and Pre-Market Blues Expedia’s Q4 Results and Pre-Market Blues

Actionable Trade Ideas

always free

expedia group logo

U.S. stock futures presented a mixed bag this morning, with the Dow futures taking a dip by approximately 15 points on Friday.

In today’s pre-market trading, shares of Expedia Group, Inc. EXPE witnessed a sharp decline after the company unveiled its fourth-quarter financial results and introduced Ariane Gorin as CEO.

Expedia Group delivered quarterly earnings of $1.72 per share, surpassing the analyst consensus estimate of $1.68 while also reporting quarterly sales of $2.89 billion, edging past the analyst consensus estimate of $2.88 billion (as reported by Benzinga Pro).

In a report of strong growth, Expedia registered record full-year lodging gross bookings, which expanded by 11%, and record hotel gross bookings with an 18% rise compared to the previous year.

Consequently, Expedia’s shares fell 13.3% to $138.23 in pre-market trading.

Among the list of prominent movers in today’s pre-market trading session, several big names witnessed a downturn:

  • The Children’s Place, Inc. PLCE saw its shares plummet by 17.5% to $16.30 in pre-market trading.
  • Pinterest, Inc. PINS experienced a tumble of 10.4% to $36.50 in pre-market trading, despite reporting favorable earnings for the fourth quarter. Sales, however, failed to meet estimates, and the company projected first-quarter revenue within the range of $690 million to $705 million against estimates of $702.36 million.
  • Affirm Holdings, Inc. AFRM observed a 10.4% decline to $44.11 in pre-market trading following the release of its second-quarter financial results.
  • Take-Two Interactive Software, Inc. TTWO faced an 8.9% slump to $154.50 in pre-market trading. The company reported third-quarter total net bookings of $1.34 billion, marking a 3% year-over-year decrease, and revised its 2024 net bookings forecast downwards.
  • Sasol Limited SSL witnessed a 6.5% fall to $7.60 in pre-market trading.
  • Airbnb, Inc. ABNB experienced a 3.4% decrease to $145.47 in pre-market trading, subsequent to a 2% gain on Thursday.
  • Spirit Airlines, Inc. SAVE observed a decline of around 3% to $6.97 in pre-market trading. The company recently reported a fourth-quarter fiscal 2023 revenue decline of 5% year-over-year, albeit beating consensus expectations.
  • Illumina, Inc. ILMN saw a 2.7% decrease to $139.47 in pre-market trading following the release of its fourth-quarter results.


Now Read This: Investor Sentiment Edges Higher As S&P 500 Briefly Breaches 5,000 Level

Don’t forget to check out our premarket coverage here

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.