Expedia Earnings: Here’s Why Shares are Up Now
Expedia Inc. (NASDAQ:EXPE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.66%.
Expedia Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.85% to $0.25 in the quarter versus EPS of $0.26 in the year-earlier quarter.
Revenue: Rose 23.99% to $1.01 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Expedia Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $965.73 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…