5 Key Quarterly Reports to Watch

1. Expedia Group, Inc. (NASDAQ:EXPE)

Number of Hedge Fund Holders: 82

Shares of Expedia Group, Inc. (NASDAQ:EXPE) turned red in the pre-market trading session on Tuesday, May 3, 2022, despite beating financial expectations for the first quarter. The online travel company reported an adjusted loss of 47 cents per share, narrower than analysts’ average estimate for a loss of 58 cents per share.

In addition, Expedia Group, Inc. (NASDAQ:EXPE) posted revenue of $2.25 billion, up 81 percent over the year-ago period and above expectations of $2.23 billion. Gross bookings for the quarter also climbed 58 percent versus last year to $24.4 billion.

Speaking on the results, CEO of Expedia Group, Inc. (NASDAQ:EXPE), Peter Kern, said:

“As we have seen many times during Covid, this quarter was a tale of two stories. There was early impact from Omicron leftover from late last year, which faded as the turnaround in demand reached new highs since the start of Covid. While the war in Ukraine did slow some of the recovery in Europe, there too we see travel at new highs since the start of the pandemic.”

You can also take a peek at Top Cyclical Stocks To Buy Now and 10 Favorite Stocks of Dan Loeb’s Third Point.

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