Expedia (EXPE) Plummets on Q4 EPS Miss; Bookings Up 14%
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Price: $58.01 --0%
Revenue Growth %: +23.7%
Financial Fact:
Cost of revenue (1): 225.13M
Today's EPS Names:
DSX, REDF, REX, More
Revenue Growth %: +23.7%
Financial Fact:
Cost of revenue (1): 225.13M
Today's EPS Names:
DSX, REDF, REX, More
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Expedia Inc. (NASDAQ: EXPE) shares are dropping after hours on Thursday after the company reported mixed fourth-quarter results including a disappointing earnings miss.
The online travel booking company reported fourth-quarter earnings of 32 cents per shares, falling short of the analyst estimate of 32 cents per share. Profit for the company fell to $71.3 million from $102.2 million in the same quarter last year.
Revenue for the company grew 16 percent to $808.4 million in the period, topping the market consensus of $802.31 million.
Expedia said that bookings rose 14 percent in the quarter from last year to $5.75 billion. Total transactions increased 13 percent to 14.8 million in the quarter.
In a key statistic, the company said that pre-tax profit as a percentage of revenue (OIBA) dropped 1.7 percentage points to 22 percent.
Shares of Expedia are down 6.58 percent to $24.00 in aftermarket movement on Thursday.
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The online travel booking company reported fourth-quarter earnings of 32 cents per shares, falling short of the analyst estimate of 32 cents per share. Profit for the company fell to $71.3 million from $102.2 million in the same quarter last year.
Revenue for the company grew 16 percent to $808.4 million in the period, topping the market consensus of $802.31 million.
Expedia said that bookings rose 14 percent in the quarter from last year to $5.75 billion. Total transactions increased 13 percent to 14.8 million in the quarter.
In a key statistic, the company said that pre-tax profit as a percentage of revenue (OIBA) dropped 1.7 percentage points to 22 percent.
Shares of Expedia are down 6.58 percent to $24.00 in aftermarket movement on Thursday.
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