Expedia posts quarterly profit on bookings growth
August 05, 2008 | Online Travel
The company said total bookings were $5.93 billion, an increase of 16 percent over the year-ago period. North American bookings increased 10 percent, while European bookings were up 30 percent.
Expedia Inc, the largest U.S. online travel agency, on Thursday posted a quarterly net profit on a 16 percent increase in bookings.
The company said its second-quarter profit amounted to $96.1 million, or 33 cents per share, compared with $96.1 million, or 30 cents per share, a year earlier.
Excluding one-time items, Expedia earned 40 cents per share, compared with 39 cents per share expected by Wall Street analysts, according to Reuters Estimates.
The company said total bookings were $5.93 billion, an increase of 16 percent over the year-ago period. North American bookings increased 10 percent, while European bookings were up 30 percent.
Get the full story at Reuters
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