Expedia Reports Q1 Loss; Beats Analysts Estimates (EXPE)

Online travel company, Expedia Inc (EXPE) reported a net loss for its first quarter earnings, but beat analysts estimates on an adjusted basis on Friday.

The Bellevue, WA based company reported a first quarter net loss of -$104.2 million, or 77 cents per share, compared to a net loss of -$3.3 million, or 2 cents per share last year. Excluding special items, earnings for the quarter were $35.3 million, or 25 cents per share, down from $36.9 million, or 26 cents per share last year. On average, analysts expected to see earnings of 23 cents per share.

Revenue climbed 24% to $1.01 billion, from $816.49 million last year, and came in above analysts estimate of $965.73 million.

The company said that its widened loss was primarily due to compensation, legal reserve and depreciation costs. Sales and marketing costs rose by 32% compared to last years first quarter, while technology and content expenses rose 27%.

Expedia reported that gross bookings increased by 16% during the quarter, which was driven by a 28% increase in hotel room bookings. EXPE also saw a 9% upside its its air ticket sales, which included a domestic flight bookings increase of 7%, and an international fight booking increase of 30%.

Expedia shares were down -$3.47, or -5.34% during premarket trading Friday. The stock has increased 103% in the past year.

The Bottom Line
Shares of Expedia Inc (EXPE) have a 0.80% yield, based on Thursday’s closing price of $64.97.

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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