Expedia second-quarter profit rises 25 percent, tops estimate

MarketsAssociated Press

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.

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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


Keywords:Expedia,Earnings Report