Expedia Soars as Holiday Bookings Drive Earnings Beat | Global News Avenue

Major U.S. stock index is lower to end trading week January work report It showed slower than expected hiring, but the unemployment rate was lower. Despite increased work, overall labor market resilience may encourage the Fed to delay additional interest rate cuts.

The S&P 500 and Dow Jones index concluded Friday’s meeting with a loss of about 1.0% per day. Nasdaq High Technology’s Nasdaq number fell by 1.4%.

Ulta Beauty (Ulta) Stocks fell 6.7% after cosmetics and skin care provider Elf Beauty (Elf)Report Less than expected quarterly profit and reduce its full-year guidance. ELF shares fell 19.6%, and the CEO of the California-based company noted that January had negatively impacted the uncertain prospects for Los Angeles wildfires and Tiktok.

Wage growth in January’s employment report was higher than expected, worsening consumer sentiment for inflation Inventory yields riseand worry that higher mortgage rates put pressure on homebuilders’ stocks. Dr. Holden (DHI) Stocks fell 5.0%, while stocks in other residential construction companies lost their foundation. Regarding the impact of possible tariffs, especially on timber imported from Canada, has also had an impact on the industry.

Despite the Enphase Energy of Solar Technology (Enph) In the results released on Tuesday, quarterly sales and profit estimates, several research firms lowered their price targets after reporting. Bank of America analysts say uncertain prospects for overall demand help their shrinking expectations. Enphase shares lost 4.5% on Friday.

Expedia Group(Expe) Stocks are 17.3% higher after A Jump into holiday reservations Helped the online travel platform beat the fourth quarter sales and profit estimates. Total bookings and nights for bookings are also proposed ahead of consensus forecasts, with Expedia resuming its quarterly dividend, which was suspended during the 2020 Covid-19-19 pandemic.

Using two interactive software (ttwo) reported a narrower quarterly loss, with video game makers’ stock soaring 14.0%. The company cited power from its “NBA 2K” title and confirmed plans to launch “Grand Theft Auto VI” in fall 2025. Despite industry challenges, JPMorgan analysts praised Take-Two’s resilience performance, which forecasts net booking levels for fiscal 2026 and fiscal 2027.

Overall power system (MP) Its stock rose 9.0% beyond quarterly sales and profit forecasts. Power management chipmakers highlighted strong sales growth in their enterprise data and automotive businesses, driven by artificial intelligence (AI) and advanced driver assistance systems. Monolithic’s sales forecast for the quarter also exceeded estimates, while KeyBanc analysts raised their stock targets.

Bill Ackman, a billionaire investor, said his fund Pershing Square Management has accumulated more than $2 billion worth of Uber Technologies (Uber), the leasing giants’ shares rose by 6.6%. Friday’s earnings marked a loss earlier a week after Uber released its booking guidance for underbooking for the quarter.