Expedia Shares Rally On Surprise Quarterly Profit

By Markets MarketWatch Pulse

Expedia Inc. shares rallied in the extended session Thursday after the travel website posted a surprise profit for the quarter. Expedia shares surged 13% to $120.53 after hours. The company reported adjusted first-quarter earnings of 9 cents a share on revenue of $1.9 billion. Analysts surveyed by FactSet had forecast a loss of 5 cents a share on revenue of $1.84 billion.

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