Expedia Inc. (EXPE) on Thursday reported fourth-quarter net income of $66 million.
The Bellevue, Washington-based company said it had profit of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
Continue Reading Below
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The online travel company posted revenue of $1.36 billion in the period, which also missed Street forecasts. Analysts expected $1.37 billion, according to Zacks.
For the year, the company reported profit of $398.1 million, or $2.99 per share. Revenue was reported as $5.76 billion.
Expedia shares have risen 3 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $88.01, a climb of 38 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at http://www.zacks.com/ap/EXPE
Keywords: Expedia, Earnings Report