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ABNB Jul 2024 115.000 call
| Previous close | 49.41 |
| Open | 49.41 |
| Bid | 46.65 |
| Ask | 47.50 |
| Strike | 115.00 |
| Expiry date | 2024-07-19 |
| Day's range | 49.41 - 49.41 |
| Contract range | N/A |
| Volume | |
| Open interest | 13 |
- Yahoo Finance Video
Airbnb stock falls on weak Q2 outlook despite Q1 beat
Shares of Airbnb (ABNB) are trading lower despite the company beating estimates in its first quarter results. Airbnb posted revenue of $2.14 billion, surpassing analyst estimates of $2.06 billion. On adjusted earnings per share, the company reported $0.41 a share, topping Wall Street expectations of $0.30 per share. However, the company's second quarter revenue outlook fell short of estimates, weighing on shares. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Why stock reactions often don't reflect earnings: Strategist
As earnings season unfolds, companies like Uber (UBER) have taken center stage with their financial reports. Interactive Brokers Chief Strategist Steve Sosnick joins Market Domination to provide insights on the day's trading takeaways. Addressing Uber's share price decline despite beating earnings, Sosnick suggests that the impact on the markets will be "Uber-specific." However, he notes a broader trend where companies posting earnings beats have not seen their stock prices reflect that performance. Sosnick explains that "people are looking through them [earnings] to see how they're managing their businesses." "We've gotten sort of spoiled by the Nvidias (NVDA) of the world, the beat and raise, then beat again and then raise again," Sosnick told Yahoo Finance, adding: "That's not necessarily normal, and so I think what happens is the markets do tend to punish disappointment more than they reward success on earnings. You're supposed to beat on earnings, you're supposed to do well." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Associated Press FinanceAirbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday. That fell short of Wall Street expectations, partly because of unfavorable exchange rates and partly because of Easter falling earlier.
