In February, Expedia warned that investments in technology and marketing would pressure the bottom line in the first half. That came after it posted weaker-than-expected adjusted profit in the fourth quarter, despite higher sales and improvement in metrics of its fundamental performance. In the latest period, gross bookings rose 10%, while transactions were up 8.2%. Worldwide hotel revenue was up 16%, with nights stayed climbed 15%. Air revenue also saw 6% increase, largely because of an 18% increase in revenue per ticket as ticket volume fell 10%. Expedia posted a profit of $52 million, or 19 cents a share, from $59.4 million, or 20 cents a share, a year earlier. Excluding such items as stock-based compensation and legal reserves, among others, earnings fell to 25 cents a share from 26 cents. Get the full story at MarketWatch Read the earnings call transcript at Seeking Alpha