
Expedia Group Inc (NASDAQ:EXPE) shares are trading significantly lower Tuesday. The stock initially traded higher Monday following the company's better-than-expected results, but it turned lower after Hilton Worldwide Holdings Inc (NYSE:HLT) issued guidance below analyst estimates.
Expedia reported first-quarter revenue of $2.25 billion, which beat the $2.23 billion estimate, according to data from Benzinga Pro. The company said gross bookings totaled $24.4 billion during the quarter, which was up 58% year-over-year.