Shares of Booking Holdings Inc. fell more than 7% late Wednesday after the company, formerly known as Priceline, beat first-quarter earnings expectations and bookings forecasts. Booking said it earned $607.2 million, or $12.34 a share, in the quarter, compared with $456 million, or $9.11 a share, in the year-ago period. Adjusted for one-time items, Booking earned $590 million, or $12 a share, compared with $494 million, or $9.88 a share, a year ago. Revenue rose to $2.93 billion, compared with $2.34 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $10.70 a share on sales of $2.87 billion. Booking said it expects second-quarter adjusted profit between $16.35 and $17 a share, whereas FactSet consensus calls for a second-quarter adjusted profit of $16.78 a share. Net bookings for the quarter reached $25 billion, a 21% increase, compared with analyst expectations of $24.5 billion.