Why Booking Holdings Stock Just Popped 7%

Shares of Booking Holdings (NASDAQ: BKNG) stock -- the company formerly known as Priceline -- are surging, up 7.3% at $1,955 (yes, you read that right) as of 12:40 p.m. EDT Thursday after the purveyor of online reservations for hotels and plane tickets reported estimate-busting earnings for its fiscal second quarter of 2019 last night.  

Expected to earn $22.71 per diluted share on sales of $3.85 billion, Booking instead reported that it earned $23.59 (pro forma) on sales of $3.9 billion, a clear earnings "beat."

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