Expedia Drops, Akami Technologies Soars, Monster Beverage Gains as Earnings Beat Estimates
Stock Movers8 Touko

Expedia Drops, Akami Technologies Soars, Monster Beverage Gains as Earnings Beat Estimates

On this episode of Stock Movers:
- Expedia (EXPE) shares tumble. Expedia left its full-year guidance unchanged. That's after the company posted quarterly revenue of $3.43 billion, up 15% from a year earlier and above the consensus estimate of $3.35 billion. The company expects healthy demand from the FIFA World Cup and forecast second-quarter revenue of $4.11 billion to $4.19 billion.
- Akami Technologies (AKAM) soars after the company announced that a leading frontier AI model provider had committed to $1.8 billion over seven years for its Cloud Infrastructure Services. The company also reported its first-quarter results and gave an outlook.
- Monster Beverage (MNST) shares gain after the drinks company reported first-quarter adjusted earnings per share that beat the average analyst estimate, while JPMorgan raised its price target.

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