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00:02Booking Holdings cut its annual revenue growth forecast to high single digits from low double
00:07digits and warned the Middle East war could weigh on bookings through June, according to Reuters.
00:12The company said the conflict reduced first quarter room night's growth by about two
00:16percentage points due to the Iran conflict. Executives said the conflict disrupted travel
00:21patterns and could raise costs through higher jet fuel prices, airline capacity reductions,
00:26and weaker traveler sentiment. The company reported adjusted earnings of $1.14 per share on revenue
00:33of $5.53 billion, beating estimates of $1.08 per share and $5.52 billion. Gross bookings rose 15%
00:43to $53.8 billion. Shares fell about 4% in after hours on Tuesday. For all things money, visit Benzinga
00:51.com.
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