Expedia’s Q2 Profit Falls 25%, but Adjusted Results Easily Beat View (EXPE)

Online travel agency Expedia Inc. (EXPE) late Thursday posted better-than-expected adjusted second quarter earnings results, sending its shares rocketing higher in aftermarket trading.

The Bellevue, WA-based company reported second quarter net income of $105.2 million, or 76 cents per share, compared with $140.4 million, or $1.01 per share, in the year-ago period. Excluding special items, adjusted profit was 89 cents per share.

Revenue rose 14% from last yer to $1.04 billion.

On average, Wall Street analysts expected a much lower profit of 71 cents per share, on smaller revenue of $987.3 million.

Expedia shares rose $5.29, or +12%, in aftermarket trading Thursday.

The Bottom Line
Shares of Expedia (EXPE) have a .61% dividend yield, based on today’s closing stock price of $45.71. The stock has technical support in the $45 price area. If the shares can firm up, we see overhead resistance around the $55 price level.

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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here