BELLEVUE, Wash. – Expedia Inc. (EXPE) on Thursday reported profit that rose by 25 percent in its second quarter, and topped analysts' expectations.
The Bellevue, Washington-based company said net income increased to $89.4 million, or 67 cents per share, from $71.5 million, or 51 cents per share, in the same quarter a year earlier.
Earnings, adjusted for non-recurring costs and amortization costs, came to $1.03 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The online travel company said revenue climbed 24 percent to $1.49 billion from $1.21 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $1.44 billion, according to Zacks.
Expedia shares have increased $9.76, or 14 percent, to $79.42 since the beginning of the year, while the Standard & Poor's 500 index has climbed 4.5 percent. The stock has risen $32.22, or 68 percent, in the last 12 months.
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full EXPE report: http://www.zacks.com/ap/EXPE