Wall Street

Robust Summer Demand Isn’t Enough To Help Travel Stocks Recover From Pandemic

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Both Airbnb (NASDAQ:ABNB) and Booking (NASDAQ:BKNG) reported Q2 results this week as strong demand for travel continues. Expedia (NASDAQ:EXPE) is due to report its second-quarter results today after-hours. Airbnb Fighting CancellationsShares of Airbnb fell on Wednesday even though the company reported better-than-expected Q2 earnings per share (EPS). Although ABNB shares initially dropped 10% following the results, earlier losses were trimmed to push the stock into the green territory on a weekly basis. Q2 2022 hedge fund letters, conferences and more Airbnb reported Q2 EPS of $0.56, topping t…

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