preloader icon



Apex Trader Funding (ATF) - News

What's Going On With Airbnb Stock After Earnings?

Airbnb, Inc. (NASDAQ:ABNB) shares are trading lower Wednesday after the company reported its second-quarter results and issued weak forward guidance after Tuesday's closing bell. The Details: Airbnb reported an increase in revenue of 10.63% year-over-year, but missed expectations with earnings of 86 cents per share.  The company issued weak third-quarter revenue guidance of between $3.67 billion and $3.73 billion, below the consensus estimate of $3.836 billion for the quarter. Airbnb also said it expects sequential moderation in growth of Nights and Experiences Booked when compared to the second quarter.  Read Next: Toast Shares Get Burned After Q2 Results Several analysts lowered price targets on Airbnb's stock following the print:  Wells Fargo analyst Ken Gawrelski maintained an Underweight rating on Airbnb and lowered the price target from $129 to $100. BMO Capital ...