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Expedia reported quarterly losses of 21 cents per share which beat the analyst consensus estimate of losses of 24 cents by 12.5%. Quarterly sales came in at $2.89 billion, beating the analyst consensus estimate of $2.81 billion by 2.81% and representing a 8.41% increase over sales of $2.67 billion from the same period last year.
Benchmark analyst reiterated Buy rating and $180 price target for Expedia. Lowered guidance for slower growth and increased marketing spend.
Peloton announced a restructuring program to include a reduction to its global headcount by approximately 15%, impacting roughly 400 Peloton team members. The company will also continue reducing its retail footprint and redesign its international go-to-market approach to be more targeted and efficient.
Amazon is set to report its first-quarter results, and the growth of artificial intelligence could be a key topic.
TipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Netflix and General Motors.