Expedia Group is trading 10.97% down at $281.22 after its fourth-quarter revenue outlook midpoint fell below analysts’ average estimate.
- The forecast range is $3.69 billion to $3.75 billion. Reuters reported that management cited the midterm elections and unrest in Europe and the Middle East behind the softer outlook.
- The decline follows strong third-quarter results and raised full-year guidance; investors appear focused on expected Q4 moderation.
- Shares had risen 10.54% on November 4 before reversing.