Expedia (EXPE) Flies After Earnings Beat: NEW YORK
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Expedia (EXPE) Flies After Earnings Beat: NEW YORK ( TheStreet ) – Expedia ( EXPE _ ) shares enjoyed a sharp rise in post-earnings trading, spiking 18.2% to $59.05 after the bell. The online travel agent reported third-quarter earnings of $1.43 a share, beating the $1.35 a share expectation from analysts surveyed by Yahoo! Finance . Revenue of $1.4 billion surpassed expectations by $30 million and grew 17% year over year.
The Washington state-based company said revenue growth was driven by 20% year-on-year increases in hotel room bookings, as well as advertising profits. International sales, which increased 23% year on year excluding exchange rates, contributed 49% to total revenue, higher than 46% a year earlier. http://www.thestreet.com/story/12089258/1/exp...-beat.html
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