Expedia Q4 Profit Falls; Revenue Misses View (EXPE)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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