🧵 1. Expedia disappoints investors with mixed Q4 results - beats earnings, but falls short on bookings. Shares drop 13% in after-hours trading. $EXPE #finance
🧵 1. Expedia disappoints investors with mixed Q4 results - beats earnings, but falls short on bookings. Shares drop 13% in after-hours trading. $EXPE #finance
🧵 2. Expedia's Q4 earnings: Adjusted EPS of $1.72, beating estimates of $1.68. Revenue of $2.89B exceeds street view of $2.88B. Gross bookings up 6% to $21.67B.
🧵 3. Expedia announces CEO change: Peter Kern resigns, to be replaced by Ariane Gorin on May 13. Gorin, an insider, currently president of Expedia's B2B arm.
🧵 4. Expedia reveals that Ariane Gorin, incoming CEO, will also join the board of directors. Kern will continue as vice chairman and board member.
🧵 5. Expedia stock's trend at risk as share price falls below 50-day moving average. $122 support level crucial to watch for potential reversal. $EXPE
🧵 Read more at: https://www.investopedia.com/expedia-stock-drops-after-mixed-q4-results-announcement-of-ceo-change-key-level-to-watch-8574996