Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Expedia Q4 Revenue Climbs 24%, Shares Jumped in Afterhours (EXPE)

Wednesday, February 6, 2013 8:58 AM
ExpediaDespite earnings falling short of Street’s expectation due to rising costs, shares of Expedia Inc. (NASDAQ: EXPE) climbed almost 5% in aftermarket trading after the online travel  agency reported late on Tuesday better than expected revenue thanks to strong bookings for air travel and hotel accommodations . In order to compete with more vigor against rivals such as Priceline.com, Expedia, whose product line include Hotels.com and Hotwire, has been enhancing its operations management  through spending more on technology and focusing in international expansion for increasing traction in travel industry. For the fiscal fourth quarter, Expedia reported earnings of $6.7 million or 5 cents a share compared with $70.3 million or 51 cents a share, in the year earlier quarter. After excluding onetime expenses such as legal reserves and stocks based compensation, adjusted earnings or non-GAAP earnings came at $88.9 million or 63 cents a share, two cents short of what  analysts’ polled by Thomson Reuters had forecasted. Revenue during the period climbed 24% to $974.9 million, beating analysts’ consensus forecast for $930.7 million. While revenue from international division leaped 35%, revenue from domestic business rose 15%, in the fiscal fourth quarter. However, rising expenses across all fronts impacted margins. While selling and marketing expenses jumped 25%, expenses on technology and content costs climbed 31% to $134.3 million and general and administrative expenses increased 12% to $98.4 million. During the period gross bookings increased by 19%, aided by 33% jump in bookings for hotel room nights and 12% rise in bookings for air tickets. For the fiscal 2013, the Company expects adjusted earnings to grow; nevertheless, rising marketing expenses in across all business lines as well as emerging market could undermine profits, the company warned. “We expect competitive intensity to increase (in fiscal 2013),” said Chief Executive Dara Khosrowshahi while addressing analysts and investors in conference call.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

AT&T sues Cox Communications for patent infringementAT&T sues Cox Communications for patent infringement
(Reuters) - AT&T <T.N> is suing Cox Communications for infringing eight patents dealing with network quality after the regional cable provider ignored its complaints about the issue and ma...
Exclusive: U.S. options exchanges craft rules to fend off turmoilExclusive: U.S. options exchanges craft rules to fend off turmoil
NEW YORK (Reuters) - A year after Goldman Sachs <GS.N> bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted ...
U.S. coal stocks could gain on Russia tensionU.S. coal stocks could gain on Russia tension
NEW YORK (Reuters) - Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe’s...
Brazil's Bovespa rises as recession feeds election betsBrazil's Bovespa rises as recession feeds election bets
SAO PAULO (Reuters) - Brazil`s benchmark stock index rose on Friday after data showed the country entered a recession in the first half of the year, boosting expectations that President Dilma Rousseff...
Part of Espirito Santo empire may try to block sale of insurerPart of Espirito Santo empire may try to block sale of insurer
LISBON (Reuters) - Part of the troubled business empire of Portugal`s Espirito Santo family said on Friday it may try to block the planned sale of an insurance company it once controlled, adding to op...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.