the republic logo

Expedia misses 1Q earnings expectations, tops revenue forecasts

bug
Share/Save/Bookmark

BELLEVUE, Washington — Expedia Inc. (EXPE) on Thursday reported first-quarter net income of $44.1 million, after reporting a loss in the same period a year earlier.

The Bellevue, Washington-based company said it had profit of 34 cents per share. Losses, adjusted for one-time gains and costs, came to 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The online travel company posted revenue of $1.37 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $1.34 billion.

Expedia shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1 percent. In the final minutes of trading on Thursday, shares hit $94.23, a climb of 33 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at http://www.zacks.com/ap/EXPE

_____

Keywords: Expedia, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.