New Delhi, Aug. 6 -- Shares of Airbnb Inc. declined on Thursday as investors awaited the company's second-quarter earnings report after the closing bell, with expectations running high given the stock's strong rally this year.

At 12:55 p.m. EDT, Airbnb shares were down 1.91%, or $2.91, at $149.58. The Nasdaq-listed stock had ended Wednesday's session at $152.49 and has gained around 15% since the start of the year.

With the stock trading close to its 52-week high, analysts believe that simply meeting management's guidance may not be enough to satisfy investors. Markets are likely to demand stronger-than-expected results and an upbeat outlook to justify current valuations.

Wall Street expects Airbnb to post second-quarter revenue growth...