Feb 23, 03:26 PM
Booking Holdings, MercadoLibre Stocks Drop on Disappointing Earnings Forecasts
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Booking Holdings and MercadoLibre faced stock declines after disappointing financial results. Booking Holdings forecasted slower growth in bookings due to normalizing US travel demand, leading to an 8% fall in shares. MercadoLibre's flat year-over-year earnings and operating income below estimates caused a 7-8.6% drop in its stock.
Written with ChatGPT (GPT-3).
Sources
Bloomberg
Shares of MercadoLibre fell the most in nearly two years after the Latin American e-commerce giant posted fourth-quarter earnings that fell short of analyst estimates https://t.co/MdO7F2lJxl
Special Situations 🌐 Research Newsletter (Jay) $MELI...great company, but operating margin miss spooked 👻 investors
- Bloomberg
Booking Holdings shares fell the most in 20 months on Friday after giving a disappointing forecast for travel reservations https://t.co/OZijEp5oj4
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