-=Booking Holdings (BKNG) reported earnings on Wed 9 May 2018 (a/h)

Booking Holdings beats by $1.34, beats on revs; guides Q2 EPS in-line 

• Reports Q1 (Mar) earnings of $12.00 per share, excluding non-recurring items, $1.34 better than the Capital IQ Consensus of $10.66; revenues rose 21.0% year/year to $2.93 bln vs the $2.87 bln Capital IQ Consensus.
• Co issues in-line guidance for Q2, sees EPS of $16.35-17.00, excluding non-recurring items, vs. $16.79 Capital IQ Consensus Estimate.
  • Room Nights Booked Y/Y 7-11%
  • Total gross travel bookings Y/Y 10-14%
  • Total gross travel bookings Y/Y 5-9%
  • The Company estimates that total revenues recognized at check-in will be less than 1% lower in the 2nd quarter of 2018, approximately flat in the 3rd quarter of 2018 and approximately 4% higher in the 4th quarter of 2018 when compared to the same quarters in 2018 if revenues were recognized at check-out.