Expedia Earnings: Revenue Win Enough to Please Shareholders
Expedia Inc. (NASDAQ:EXPE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.33%.
Expedia Inc. Earnings Cheat Sheet
Results: Net income decreased -90.47% to $6.7 million (5 cents per diluted share) in the quarter versus a net gain of $70.33 million in the year-earlier quarter.
Revenue: Rose 110.85% to $974.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Expedia Inc. reported adjusted net income of 63 cents per share. By that measure, the company missed the mean analyst estimate of $0.65. It beat the average revenue estimate of $930.69 million.