Expedia (EXPE) Lifts Sector on Q2 Beat, May Set Up Priceline.com (PCLN) for More Upside
Tweet Send to a Friend
Get Alerts EXPE Hot Sheet
Price: $58.21 --0%
Revenue Growth %: +23.7%
Financial Fact:
General and administrative (1): 98.42M
Today's EPS Names:
ANF, DXLG, FL, More
Revenue Growth %: +23.7%
Financial Fact:
General and administrative (1): 98.42M
Today's EPS Names:
ANF, DXLG, FL, More
Trade EXPE Now!
Expedia Inc. (Nasdaq: EXPE) shares are ripping higher Friday following strong second-quarter 2012 results, issued after U.S. markets closed Thursday night.
Revenue saw a 14 percent to $1.04 billion, from $913.6 million in the same period last year. Adjusted net income rose 24 percent to $125 million, or 89 cents per share. The Street was looking for EPS of 71 cents and revs of $990.7 million.
Numbers are slightly contradictory to what recent spin-off Tripadvisor (Nasdaq: TRIP) reported on July 24th, with EPS coming in-line and revs missing views.
Setting up for a potential pop is priceline.com (Nasdaq: PCLN). Shares are currently over 15 percent off of all-time highs of $774.96 hit in April, mostly on the back of fears that travel will slow due to the crisis in Europe and stagnant U.S. economy.
Then you look at some of Expedia's numbers and results seem even more solid:
As for total competition, Expedia is pushing peers higher, with Tripadvisor up 3.3 percent, priceline up 4.4 percent, Orbitz (NYSE: OWW) up 2.6 percent, and Travelzoo (Nasdaq: TZOO) up 2.6 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Revenue saw a 14 percent to $1.04 billion, from $913.6 million in the same period last year. Adjusted net income rose 24 percent to $125 million, or 89 cents per share. The Street was looking for EPS of 71 cents and revs of $990.7 million.
Numbers are slightly contradictory to what recent spin-off Tripadvisor (Nasdaq: TRIP) reported on July 24th, with EPS coming in-line and revs missing views.
Setting up for a potential pop is priceline.com (Nasdaq: PCLN). Shares are currently over 15 percent off of all-time highs of $774.96 hit in April, mostly on the back of fears that travel will slow due to the crisis in Europe and stagnant U.S. economy.
Then you look at some of Expedia's numbers and results seem even more solid:
- Gross bookings up 13 percent;
- Room night growth up 78 basis points to 22 percent; and
- Air tickets sold rose 3 percent (Expedia attributed most of this to the VIA Travel acquisition).
As for total competition, Expedia is pushing peers higher, with Tripadvisor up 3.3 percent, priceline up 4.4 percent, Orbitz (NYSE: OWW) up 2.6 percent, and Travelzoo (Nasdaq: TZOO) up 2.6 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- salesforce.com, Inc. (CRM) Reports In-Line Q1 EPS; Issues In-Line Q2, FY14 Outlook
- Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
Create E-mail Alert Related Categories
Earnings, Trader TalkRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
