Airbnb (ABNB) reports fourth-quarter results late Tuesday amid a broad rally in travel stocks. Airbnb stock was surging.
Among other travel stocks Tuesday, Expedia (EXPE), Marriott International (MAR), Hyatt Hotels (H) and Booking Holdings (BKNG) were all up.
Marriott reported better-than-expected fourth-quarter results on Tuesday, kicking off a slew of hotel results this week. The Covid omicron variant weighed on travel in the latest quarter, but hotel stocks have been rallying as cases fall and mask mandates wane.
Analysts expect Airbnb to report adjusted earnings of 4 cents a share, vs. a 58-cent loss in the year ago period. They see Airbnb revenue soaring 70% to $1.45 billion, according to FactSet.
Airbnb Stock Jumps Along With Expedia
Airbnb stock jumped 5.1% to 178.38 during afternoon trading on the stock market today. The company facilitates extended stays at residences by…
