Expedia shares up 7% after EPS beat
Expedia Inc. said Thursday it earned $450 million, or $3.38 a share, compared with 67 cents a share a year ago. Revenues rose to $1.66 billion from $1.5 billion a year ago, in line with Wall Street expectations. Adjusted for one-time items, the Bellevue, Wash. company earned 89 cents a share in the quarter. Analysts surveyed by FactSet had expected the company to report adjusted earnings of 84 cents a share. Shares of Expedia rose 7.3% in after hours after ending the regular session up 0.7%.
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