The share prices for Estee Lauder have experienced a 4.8% dip in premarket trading. The dip was experienced after the beauty company shared its earnings for the first quarter of 2022. In the report, Estee Lauder revealed it missed out on the estimations that were made by the analysts.
The executives at Estee Lauder revealed they generated revenues worth $4.25 billion for the respective quarter. The revenue that the analysts at Refinitiv had predicted for the first quarter was $4.31 billion.
The share prices for Devon Energy have experienced a 9% surge in premarket trading. The energy stock company experienced a surge after sharing its earnings for the first quarter of 2022. As per the executives at Devon Energy, it generated earnings worth $1.88 per share for the first quarter of 2022.
According to the analysts, Devon Energy was expected to generate earnings worth $1.75 per share. The estimations were reportedly made by the analysts at StreetAccount.
The share prices for Etsy have experienced a 12% dip in premarket trading. The e-commerce platform experienced a dip after sharing its earnings for the recent quarter of 2022. The officials revealed that they were unable to meet the earnings estimations made by the analysts for the first quarter of 2022.
Even the guidance shared by the executives at Etsy for the second quarter of 2022 was lower than the estimations. The chief financial officer at Etsy revealed that the consumers have a lot of money they can use for purchasing. However, they have access to many more places they can spend the money.
The share prices of Booking Holdings jumped by 8.2% in premarket trading. The travel booking site recorded a surge after sharing its earnings for the first quarter of 2022. It revealed having generated stronger earnings than the predictions made by the analysts.
They successfully beat estimations for the adjusted EBITDA and revenue for the first quarter of 2022. For the respective quarter, Booking Holdings announced that the gross bookings it generated were worth $27 billion.
The officials revealed that so far, $27 billion is the highest gross they have generated in any quarter ever since its launch. The company officials confirmed that preparations for busy summer season travels are in order.
The share prices for eBay have experienced a 5.8% dip in premarket trading. eBay recently shared weak earnings estimations for the second quarter of 2022 that resulted in the online marketplace experiencing a dip.
eBay executives confirmed that they beat the estimations for the first quarter of 2022. However, for the second quarter and the rest of the year, the earnings estimations they shared were weaker than the analysts’ estimations.