Booking Shares Gain 7% on Q2 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/BKNG'>Booking (NASDAQ:BKNG)</a> shares gained more than 7% yesterday following the release of stronger-than-expected Q2 results.</p>
<p>The company's revenue witnessed an impressive 27% year-over-year rise, reaching $5.46 billion, surpassing the Street estimate of $5.16 billion. Moreover, Booking reported adjusted earnings per share of $37.62, which far exceeded the expected $28.87 per share. Gross bookings also saw substantial growth, jumping 15% year-over-year to $39.69 billion, ahead of the Street estimate of $38.11 billion.</p>
<p>Glenn Fogel, Booking's CEO, attributed the robust performance to the continuous strong demand for leisure travel, which contributed to better-than-expected room nights and gross bookings in the quarter. Additionally, the company has observed these favorable trends persisting into July and is gearing up for what they anticipate to be a record-breaking summer travel season in the third quarter.</p>

NASDAQ:BKNG