Expedia Q2 Results: Flying Into High Season
Expedia's (NASDAQ: EXPE) stock saw a nice little pop at the end of last week, after the company released its Q2 results. It beat the average analyst estimate for revenue, although it came up a bit short on the bottom line. Here's how the quarter played out for the big online travel agency.
For the quarter, Expedia's top line rose a meaty 18% on a year-over-year basis to nearly $2.59 billion, on gross bookings that increased 12% to $22.84 billion. Adjusted net income improved by 10% to just under $141 million, or $0.89 per share.
On average, analysts were projecting $2.54 billion on the top line, and a per-share earnings figure of $0.93.
Source: Fool.com
Expedia Inc. Stock
€119.26
-1.770%
We see a rather positive sentiment for Expedia Inc. with 19 Buy predictions and 1 Sell predictions.
With a target price of 162 € there is a positive potential of 35.84% for Expedia Inc. compared to the current price of 119.26 €.
