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 story : Expedia rides 'strong' travel rebound to earnings beat #FinanceUSA #StockMarketNEWS Expedia Group Inc. shares were headed 6% higher in after-hours trading Thursday after the online-travel company

@stockMarketNEWS 14 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Expedia rides 'strong' travel rebound to earnings beat #FinanceUSA #StockMarketNEWS
Expedia Group Inc. shares were headed 6% higher in after-hours trading Thursday after the online-travel company topped expectations with its latest results amid a strong rebound in travel. The company reported a net loss of 5 million, or .17 a share, compared with a loss of 1 million, or .02 a share, in the year-before quarter. Expedia reported adjusted earnings per share of .96, whereas it lost an adjusted .13 a share a year prior. Analysts tracked by FactSet were looking for .56 a share in adjusted earnings during the latest quarter. Revenue came in at .18 billion, up from .11 billion a year earlier and ahead of the FactSet consensus, which was for .99 billion. "Despite the disruptions during the summer travel season and an uncertain macroeconomic backdrop, travel demand has remained strong," Chief Executive Peter Kern said in a release. Shares of Expedia have lost 32% over the past three months as the S&P 500 has lost 0.6%.


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