Booking Holdings: Q3 Earnings Snapshot

NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Booking Holdings Inc. (BKNG) on Thursday reported third-quarter net income of $2.51 billion.

On a per-share basis, the Norwalk, Connecticut-based company said it had net income of $69.80. Earnings, adjusted for non-recurring costs, were $72.32 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $67.86 per share.

The online booking service posted revenue of $7.34 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $7.23 billion.

Booking Holdings shares have increased 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $2,838.62, a rise of 60% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKNG at https://www.zacks.com/ap/BKNG