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Expedia Drops, Akami Technologies Soars, Monster Beverage Gains as Earnings Beat Estimates
Description
On this episode of Stock Movers:
- Expedia (EXPE) shares tumble. Expedia left its full-year guidance unchanged. That's after the company posted quarterly revenue of $3.43 billion, up 15% from a year earlier and above the consensus estimate of $3.35 billion. The company expects healthy demand from the FIFA World Cup and forecast second-quarter revenue of $4.11 billion to $4.19 billion.
- Akami Technologies (AKAM) soars after the company announced that a leading frontier AI model provider had committed to $1.8 billion over seven years for its Cloud Infrastructure Services. The company also reported its first-quarter results and gave an outlook.
- Monster Beverage (MNST) shares gain after the drinks company reported first-quarter adjusted earnings per share that beat the average analyst estimate, while JPMorgan raised its price target.
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