Expedia posts 1Q loss; says revenue rose 24 pct

Online travel agency Expedia Inc. is reporting a larger loss in the first quarter as its stock-based compensation, legal reserve and depreciation costs surged compared to a year ago. But its adjusted revenue and income surpassed Wall Street's expectations.

Expedia says it lost $104.2 million, or 77 cents per share. A year ago it reported a loss of $3.3 million, or 2 cents per share.

The Bellevue, Wash., company says it earned 25 cents per share during the most-recent quarter if the one-time items are excluded.

Revenue climbed 24 percent to $1.01 billion, mostly on greater international sales.

FactSet says analysts expected adjusted of 23 cents per and $967.5 million in revenue.

The company's shares rose 2.5 percent in aftermarket trading following the release of the results.


Explore further

CenturyLink 3Q net income falls as expenses rise

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Expedia posts 1Q loss; says revenue rose 24 pct (2013, April 25) retrieved 17 October 2021 from https://phys.org/news/2013-04-expedia-1q-loss-revenue-rose.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors