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Investing.com – Booking (NASDAQ:BKNG) delivered an upbeat outlook on current quarter performance Wednesday after first quarter results beat analysts’ forecasts as bookings activity was bolstered by a rebound in travel.
Booking rose more than 15% in aftermarket hours.
Booking announced earnings per share of $3.90 on revenue of $2.7 billion. Analysts polled by Investing.com anticipated EPS of 87 cents on revenue of $2.53 billion.
The better-than-expected results were driven by a record $27 billion in gross bookings in the first quarter as travel activity continued to heat up.
Looking ahead, the company talked up the ongoing strengthening in travel activity.
“Despite an uncertain macroeconomic environment, we have seen continued strengthening of global travel trends so far in the second quarter of 2022, and we are preparing for a busy summer travel season ahead,” the company said.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76 billion, compared to forecast for EPS of $2.26 on revenue of $17.87 billion.
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