Airbnb shares slide on lower revenue forecast despite a doubling of net income

Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop for its stock in after-market trading Wednesday. The San Francisco-based short-stay home sharing app said its net income rose to $264 million from $117 million a year earlier, on revenue that rose 18% to $2.14 billion. Earnings per share in the quarter jumped to 41 cents; analysts surveyed by FactSet expected per-share earnings of 23 cents.