BELLEVUE, Washington — Expedia Inc. (EXPE) on Thursday reported fourth-quarter net income of $66 million.
The Bellevue, Washington-based company said it had profit of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The online travel company posted revenue of $1.36 billion in the period, which also missed Street forecasts. Analysts expected $1.37 billion, according to Zacks.
For the year, the company reported profit of $398.1 million, or $2.99 per share. Revenue was reported as $5.76 billion.
Expedia shares have risen 3 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $88.01, a climb of 38 percent in the last 12 months.
Keywords: Expedia, Earnings Report