U.S. Stock Market News | Second-quarter earnings fall short of expectations, Airbnb drops more than 12%
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On Wednesday, Airbnb's stock price fell, with the stock dropping over 12% to $113.96 as of the time of writing. Airbnb's sales in the second quarter were $2.748 billion, exceeding analysts' consensus estimate of $2.738 billion, representing a 10.63% increase from the same period last year. However, the company's quarterly GAAP earnings per share were $0.86, lower than analysts' consensus estimate of $0.92
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