Booking Holdings: Q4 Earnings Snapshot
NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Booking Holdings Inc. (BKNG) on Thursday reported fourth-quarter profit of $1.07 billion.
On a per-share basis, the Norwalk, Connecticut-based company said it had net income of $31.95. Earnings, adjusted for non-recurring costs, were $41.55 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $35.64 per share.
The online booking service posted revenue of $5.47 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $5.19 billion.
For the year, the company reported profit of $5.88 billion, or $172.69 per share. Revenue was reported as $23.74 billion.
Booking Holdings shares have climbed 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5,018.23, a climb of 36% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKNG at https://www.zacks.com/ap/BKNG
