Expedia’s Strong Quarter, New York Times Beats on Earnings, and 3 More Hot Stocks
Expedia, Inc. (NASDAQ:EXPE): Expedia shares are on a 16 percent tear after the travel site announced EPS of $1.43, beating by 7 cents, and revenue of $1.41 billion, also beating by $0.03 billion. Revenue growth saw 20 percent gains against 16 percent in the quarter previous. Gross bookings grew 15 percent (compared to 13 percent). Domestic and international bookings both saw substantial increases while hotel and flight revenue also made gains. The stellar report was rounded out by an upgrade to Buy from Bank of America/Merrill Lynch, which assigns a lofty $75 price target on Expedia’s stock.