Stock Movers

Closing Bell: Booking 3Q Earnings, Paypal Gains, JetBlue Faces Challenges


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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Booking (BKNG) 3Q adjusted Ebitda beat estimates. Shares rose 4.5% in the afterhours after their gross bookings topped expectations. Third quarter revenue also outperformed estimates.

- PayPal (PYPL) raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT, sending its shares up. The company raised its 2025 adjusted earnings-per-share forecast to $5.35 to $5.39 and announced a dividend program that will pay 14 cents a share this quarter. PayPal said it's begun to see a pullback in US consumers' spending, with average order values trending down in recent weeks, which could hinder its efforts to meet its multiyear financial targets.

- JetBlue (JBLU) closed 11.86% lower, as the carrier laid bare its challenges through the holiday travel season, from rising fuel prices and a hurricane to a US government shutdown. JetBlue executives said demand for premium offerings is stronger compared with the main cabin as air travel rebounds, but investors are growing impatient with executives’ ability to meet cost-cutting targets.

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