Published April 28, 2016 4:42pm EDT | Updated April 28, 2016 5:04pm EDT

Expedia Shares Rally On Surprise Quarterly Profit

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.