Forget the Stock Drop — Booking Holdings Booked a Solid Quarter

In the mad rush to respond to earnings reports, many commentators almost ignore companies' actual business results, searching for whichever metric justifies the often short-term-minded philosophies of the traders who dominate after-hours trading. For Booking Holdings (NASDAQ: BKNG)-- the newly renamed version of the online travel giant previously known as Priceline Group -- an immediate downward push for the share price overshadowed, in some people's minds, the strong performance that the company had during the first quarter of 2018.