Expedia Inc (EXPE) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $-0.05. The company posted revenue of $1904.00 million in the period, compared to analysts expectations of $1835.12 million. The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.
Many Wall Street Analysts have commented on Expedia Inc. Expedia Inc was Initiated by Pacific Crest to “Sector Weight” on Mar 31, 2016. Shares were Reiterated by UBS on Mar 17, 2016 to “Buy” and Lowered the Price Target to $ 145 from a previous price target of $150 .Company shares were Upgraded by Piper Jaffray on Mar 10, 2016 to ” Overweight”, Firm has raised the Price Target to $ 140 from a previous price target of $130 .
Expedia Inc opened for trading at $106.03 and hit $107.94 on the upside on Wednesday, eventually ending the session at $107.77, with a gain of 1.06% or 1.13 points. The heightened volatility saw the trading volume jump to 31,65,555 shares. Company has a market cap of $16,228 M.
In a different news, on Apr 22, 2016, Dara Khosrowshahi (CEO) sold 32,500 shares at $79.49 per share price. According to the SEC, on Mar 16, 2016, Lance A Soliday (Chief Accounting Officer) sold 600 shares at $115.56 per share price. On Feb 19, 2016, Robert J Dzielak (EVP, Gen. Counsel & Sec.) sold 27,609 shares at $111.03 per share price, according to the Form-4 filing with the securities and exchange commission.
Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which provides a range of travel and advertising services through a range of brands including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites around the world EAN Hotwire.com Travelocity Venere Wotif Group CarRentals.com and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.