Closing Bell: Expedia Rises, Block Drops, Sweetgreen Plunges
On this episode of Stock Movers:- Expedia (EXPE) delivered earnings yesterday and raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates. It also sees gross bookings growing 7%, again ahead of estimates and Expedia’s previous guidance. Shares rallied as much as 18% in extended trading on Thursday…
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