5 Stocks Drawing Attention After Posting Their Financial Results

4. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 63

Shares of Airbnb, Inc. (NASDAQ:ABNB) turned green in the pre-market trading session on Wednesday, May 4, 2022, following its upbeat financial performance for the first quarter. The results were mainly attributed to accelerated travel recovery and improved bookings.

Airbnb, Inc. (NASDAQ:ABNB) reported a loss of 3 cents per share, narrower than analysts’ average estimate for a loss of 29 cents per share. Revenue for the quarter skyrocketed 70 percent versus last year to $1.51 billion and exceeded the consensus of $1.45 billion.

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For the second quarter, Airbnb, Inc. (NASDAQ:ABNB) guided for revenue in the range of $2.03 – $2.13 billion. This compares to the consensus of $1.96 billion.

Praising the latest performance, CEO Brian Chesky said:

“The first quarter of 2022 was another record quarter for Airbnb. Guests are continuing to travel domestically and to rural destinations, and now, guests are also returning to cities and crossing borders at or above pre-pandemic levels. Airbnb is stronger than ever before.”