Online travel agency Expedia Inc (EXPE) late Thursday posted a 6% decline in fourth quarter earnings, and revenue totals missed Wall Street expectations.
The Bellevue, WA-based company reported fourth quarter net income of $59.7 million, or 44 cents per share, compared with $63.4 million, or 45 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 58 cents per share.
Revenue rose 7% from last year to $787.1 million.
On average, Wall Street analysts expected a smaller profit of 53 cents per share, albeit on higher revenue of $812.4 million.
Expedia shares fell $1.66, or -4.9%, in premarket trading Friday.
The Bottom Line
Shares of Expedia (EXPE) have a .82% dividend yield, based on last night’s closing stock price of $34.16. The stock has technical support in the $28-$30 price area. The shares are trading near 52-week highs.
Expedia Inc (EXPE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.