Expedia's stock is under pressure, declining over 7% due to a combination of a slow travel sector and disappointing revenue figures. The company's Q1 earnings, although beating earnings per share estimates, revealed weaknesses in revenue growth linked to reduced U.S. travel demand. Amid fears of an economic downturn impacting summer travel, Piper Sandler downgraded Expedia's shares from 'neutral' to 'underweight,' forecasting a challenging outlook for the stock. The shift signifies broader investor caution as the tourism sector braces for a potential slowdown.
Expediaâs shares have dropped over 7% amidst a broader slowdown in the travel industry, reflecting investor concerns over U.S. travel demand and economic factors.
Despite better-than-expected earnings per share for Q1, Expedia's revenue fell short of expectations, prompting an analyst downgrade amid anticipated travel disruptions.
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