Global Business Travel (NYSE:GBTG) Reports Sales Below Analyst Estimates In Q2 Earnings, Stock Drops
B2B travel services company Global Business Travel (NYSE:GBTG) fell short of analysts’ expectations in Q2 CY2024, with revenue up 5.6% year on year to $625 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.47 billion at the midpoint. It made a GAAP profit of $0.06 per share, improving from its loss of $0.23 per share in the same quarter last year.
Is now the time to buy Global Business Travel? Find out in our full research report.
-
Revenue: $625 million vs analyst estimates of $631.9 million (1.1% miss)
-
EPS: $0.06 vs analyst estimates of -$0.03 ($0.09…
