Expedia reports lower quarterly profit, revenue outlook not promising
February 10, 2012 | Online Travel
Expedia Inc reported quarterly revenue that missed Wall Street estimates and a profit that was hurt by rising costs. The company said its Expedia brand underperformed in the quarter as a rise in airfares resulted in fewer airline tickets being sold.
Expedia shares were down 5% in after-hours trading Thursday after the online travel agency issued Q4 earnings that beat earnings estimates but missed on sales by more than $25 million.
Bellevue, Wash.-based Expedia said it earned 58 cents a share excluding options expenses, amortization and other items, unchanged from 58 cents in the year-earlier quarter and 5 cents above the 53-cent average estimate of 24 analysts polled by Thomson Reuters.
Sales rose 7% to $787.1 million, but analysts were expecting $812.4 million.
Get the full story at Reuters, and Expedia (PDF 532 KB)
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