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Booking Stock Drops. Room Night Growth Is Slowing.

Booking Stock Drops. Room Night Growth Is Slowing.

Booking Holdings stock was falling Friday after the travel services company said travel has shown signs of moderating. Booking reported second-quarter adjusted earnings of $41.90 a share on revenue of $5.86 billion. Gross travel bookings in the second quarter rose 4.4% to $41.4 billion, but missed analysts’ estimates of $41.77 billion.