Booking Holdings: Q3 Earnings Snapshot

NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Booking Holdings Inc. (BKNG) on Tuesday reported third-quarter net income of $2.72 billion.

On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $3.61. Earnings, adjusted for one-time gains and costs, came to $4.66 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.48 per share.

The online booking service posted revenue of $8.89 billion in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $9.56 billion.

Booking Holdings shares have fallen 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $153.08, a fall of 24% in the last 12 months.

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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