Expedia shares fall as Vrbo weakness weighs on revenue forecast

Explore stories from Atlantic Canada.

Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspect - Expedia shares sank about 9% in premarket trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo.

While Expedia hoped for a profit boost from the re-platforming of Vrbo, it said the brand was seeing a slower rebound, which weighed on overall bookings. At least seven brokerages cut their price targets on Expedia, with Piper Sandler downgrading the stock to"neutral" from"overweight".

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World Energy GH2 wind megaproject expected to create 6,800 jobsExplore stories from Atlantic Canada.
Read more »

World Energy GH2 wind megaproject expected to create 6,800 jobsExplore stories from Atlantic Canada.
Read more »

Five big takeaways from Justin Trudeau’s testimony about foreign interferenceExplore stories from Atlantic Canada.
Read more »

Officially funny: Meet 'The Unofficials' who have become fan favourites at Cape Breton Eagles playoff gamesExplore stories from Atlantic Canada.
Read more »

Volunteers find missing Cape Breton man's truckExplore stories from Atlantic Canada.
Read more »

P.E.I. Health Minister provides details, no firm timeline on promised 54 new long-term care bedsExplore stories from Atlantic Canada.
Read more »