Expedia Shares Slide On Disappointing Quarterly Earnings

By Markets MarketWatch Pulse

Shares of Expedia Inc. fell in Thursday's extended session after the online travel company posted weaker-than-expected earnings. Expedia reported its third-quarter earnings slipped to $279.3 million, or $1.81 a share, from $283.2 million, or $2.12 a share, a year earlier. On an adjusted basis, the company would have earned $2.41 a share. Revenue rose 33% to $2.58 billion while gross bookings grew 21% to $18.59 billion. Analysts surveyed by FactSet had forecast earnings of $2.47 a share on revenue of $2.54 billion. Expedia shares dropped more than 2% after hours.

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