NORWALK, Conn. (AP) _ Booking Holdings Inc. (BKNG) on Thursday reported second-quarter profit of $122 million.
The Norwalk, Connecticut-based company said it had profit of $2.97 per share. Losses, adjusted for non-recurring gains, were $10.81 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $11.81 per share.
The online booking service posted revenue of $630 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $517.6 million.
Booking Holdings shares have decreased 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,751.79, a drop of roughly 2% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKNG at https://www.zacks.com/ap/BKNG
Automated Insights, source Associated Press News