Travelers may be powering Airbnb’s nights and experiences. But they didn’t keep shares of Airbnb from falling by 7% in after hours, trading at $146, after it reported better-than-expected first quarter earnings, but warned of weaker guidance for its second quarter.
The online travel booking company beat Wall Street’s expecations. For the first quarter, Airbnb generated revenue of $2.14 billion, about $0.41 cents a share. Analysts expected it would report $2.06 billion, about $0.24 cents a share.
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