Investing.com - Airbnb reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Airbnb announced earnings per share of $1.79 on revenue of $2.88B. Analysts polled by Investing.com anticipated EPS of $1.44 on revenue of $2.84B.
Airbnb shares are down 4% from the beginning of the year, still down 48.70% from its 52 week high of $212.58 set on November 17, 2021.
Airbnb shares lost 3.23% in after-hours trade following the report.
Airbnb follows other major Consumer Discretionary sector earnings this month
Airbnb's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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