🔴 Expedia Group is trading 5.4% down in pre-market as below-estimate Q4 revenue outlook weighs

Expedia Group is trading 5.4% lower at $298.92 in pre-market as investors focus on a slower Q4 outlook and a revenue forecast midpoint below analyst estimates.

• November 4 third-quarter results beat estimates; Expedia raised its full-year outlook.
• Q4 gross bookings growth is forecast at 3.3%–5.2%; adjusted EBITDA at $830–$880 million. Reuters said the revenue midpoint miss sent shares lower in extended trading.
• The decline follows a 10.54% close-to-close gain on November 4; the positive sector trend does not explain it.