Form 8-K Expedia, Inc. For: Feb 10

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Go back to Form 8-K Expedia, Inc. For: Feb 10

RBC Sees Smooth Sailing for Expedia (EXPE)

February 11, 2016 7:55 AM EST

RBC Capital analyst, Mark Mahaney, sees steady sailing for Expedia (NASDAQ: EXPE) after the company missed consensus bookings, revenue, EBITDA and EPS. However, guidance showed only a minor slowdown and the profit misses may be related to modeling error. He kept the rating at Outperform but the PT drops to $165.

Gross Bookings reached $15.0B (up 18% organically, ex-FX & acquisitions), shy of the... More