The India-based travel company reported adjusted earnings per share of $0.53 for its fiscal Q1 2027 (ended June 30), exceeding Wall Street's forecast of $0.43. While sales of $285.5 million missed expectations, gross bookings increased nearly 20% year-over-year to approximately $2.85 billion. The stock also received a boost from hopes that the Iran war could be de-escalating, with Donald Trump stating that a deal to reopen the Strait of Hormuz and end the conflict had been reached, and negotiations would resume today. This potential de-escalation could reduce energy prices and ease travel concerns.