Airbnb stock traded sideways late Tuesday after travel website reported better-than-expected sales. The company’s leaders had previously warned the the December quarter could be a difficult one.

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Airbnb (ABNB) reported an adjusted loss of 55 cents per share on $2.22 billion in fourth-quarter sales. On average, analysts polled by FactSet expected San Francisco-based Airbnb to earn 66 cents a share on $2.17 billion in sales.

The net loss, totaling $349 million, included a “non-recurring tax withholding expenses and lodging tax reserves of approximately $1 billion,” Airbnb said in its shareholder letter. The company’s adjusted net income was $489 million outside of those charges.

During the year-earlier period, Airbnb earned 48 cents a share and the company reported $1.9 billion in sales.

For the current quarter, Airbnb forecasted sales between $2.03 billion and $2.07 billion. Analysts expected $2.02 billion, according to FactSet.

In after-hours trading, Airbnb stock was last up a fraction at 151.49. Shares jumped as high as 9% immediately of following report.  

More earnings coverage to follow.

Airbnb Stock: Technical Ratings

Airbnb stock has a best-possible IBD Composite Rating of 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one easy-to-use rating.

Further, Airbnb’s IBD Relative Strength Rating is 88 out of a 99. The rating measures a stock’s price movement over the last 52 weeks with that of others in IBD’s database.

In addition, Airbnb stock has an Accumulation/Distribution Rating of B+, which indicates institutional buying of shares.

Prior to its earnings release, ABNB stock fell 1.9% to close at 150.82 on the stock market today. ABNB shares are below a 154.95 buy point from a consolidation pattern, according to IBD MarketSmith.

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Airbnb Stock: Is It A Buy Or Sell? Here’s What Fundamentals, ABNB Stock Chart Action Say