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

Airbus Helicopters expects China to become biggest market by 2020Airbus Helicopters expects China to become biggest market by 2020
BEIJING (Reuters) - Airbus Helicopters, the world`s largest civil helicopter maker, expects China and Hong Kong to become its biggest global market within six years as Beijing starts to lift restric...
Australia third quarter inflation cools, gives RBA room to hold rates at record lowAustralia third quarter inflation cools, gives RBA room to hold rates at record low
SYDNEY (Reuters) - Australia`s consumer prices cooled in the third quarter with a key gauge of underlying inflation back comfortably in the middle of the Reserve Bank`s 2-3 percent target band, givi...
Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSAFaulty airbags warning expanded to 6.1. million U.S. cars: NHTSA
WASHINGTON (Reuters) - The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata <7312.T> to 6.1 million vehicles in ...
Euro on defensive after ECB bond buy report, yen slipsEuro on defensive after ECB bond buy report, yen slips
TOKYO (Reuters) - The euro flirted with one-week lows on Wednesday following a Reuters report that the European Central Bank is considering buying corporate bonds, while recovery in risk appetite un...
Asian shares shine on U.S. tech results, ECB hopesAsian shares shine on U.S. tech results, ECB hopes
TOKYO (Reuters) - Asian shares were on track for solid gains on Wednesday, after Wall Street`s strong performance on upbeat results from two technology bellwethers offset investors` recent concerns ...

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.