Investing.com - Despegar.com reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Despegar.com announced earnings per share of $-0.21 on revenue of $145.6M. Analysts polled by Investing.com anticipated EPS of $-0.16 on revenue of $146.1M.
Despegar.com shares are down 36.87% from the beginning of the year and are trading at $6.18 , down-from-52-week-high.
Despegar.com follows other major Consumer Discretionary sector earnings this month
Despegar.com's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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