Expedia misses 1Q earnings expectations, tops revenue forecasts



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BELLEVUE, Washington — Expedia Inc. (EXPE) on Thursday reported first-quarter net income of $44.1 million, after reporting a loss in the same period a year earlier.

The Bellevue, Washington-based company said it had profit of 34 cents per share. Losses, adjusted for one-time gains and costs, came to 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The online travel company posted revenue of $1.37 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $1.34 billion.

Expedia shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1 percent. In the final minutes of trading on Thursday, shares hit $94.23, a climb of 33 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at http://www.zacks.com/ap/EXPE

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Keywords: Expedia, Earnings Report

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