Expedia Shares Slide Nearly 13% After Earnings Forecast Falls Below Estimates
Expedia shares fell nearly 13% Thursday after the booking platform forecast earnings below estimates. Travel firms including Hilton and Booking continue to see Iran war fallout weigh on demand.
By Nandan Mandayam and Anshuman TripathyShares of Expedia Group NASDAQ:EXPE tumbled nearly 13% on Thursday after the booking platform forecast earnings below estimates, joining travel companies from Hilton to Booking that continue to see the war in Iran scuttling demand.The day's move eroded more…