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Stockreport

Expedia withdraws full-year forecast amid coronavirus spread [Business News Network (BNN) Energy & Resources (Canada)]

Expedia Group, Inc. (EXPE)  More Company Research Source: Business News Network
Last expedia group, inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
Expedia withdraws full-year forecast amid coronavirus spread Expedia Group Inc. withdrew its full-year earnings forecast and updated first-quarter guidance amid a worsening impact from the coronavirus pandemic that’s gutting the global travel sector. The Seattle-based company said the spread of the coronavirus would negatively impact first-quarter adjusted earnings before interest, tax, depreciation and amortization “in excess” of the $30 million to $40 million it predicted in mid-February. “As Covid-19 has rapidly spread from Asia to Europe and North America over the past few weeks, travel trends have continued to worsen,” Chairman Barry Diller and Vice Chairman Peter Kern said in a statement Friday. It remains difficult to predict how long this pandemic will persist, and given the lack of visibility on our trends we’ve decided to withdraw our 2020 guidance.” The travel sector has been among the hardest hit in the outbreak. On Monday Expedia’s rival, Booking Holdings Inc., also withd [Read more]
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Stockreport

Expedia withdraws full-year forecast amid coronavirus spread [Business News Network (BNN) Energy & Resources (Canada)]

Expedia Group, Inc.  (EXPE) 
More Company Research Source: Business News Network
Last expedia group, inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
Expedia withdraws full-year forecast amid coronavirus spread Expedia Group Inc. withdrew its full-year earnings forecast and updated first-quarter guidance amid a worsening impact from the coronavirus pandemic that’s gutting the global travel sector. The Seattle-based company said the spread of the coronavirus would negatively impact first-quarter adjusted earnings before interest, tax, depreciation and amortization “in excess” of the $30 million to $40 million it predicted in mid-February. “As Covid-19 has rapidly spread from Asia to Europe and North America over the past few weeks, travel trends have continued to worsen,” Chairman Barry Diller and Vice Chairman Peter Kern said in a statement Friday. It remains difficult to predict how long this pandemic will persist, and given the lack of visibility on our trends we’ve decided to withdraw our 2020 guidance.” The travel sector has been among the hardest hit in the outbreak. On Monday Expedia’s rival, Booking Holdings Inc., also withd [Read more]
IMPACT SNAPSHOT
EVENT TIME:
EXPE
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS