Why Expedia Stock Fell Hard Today
Shares of online travel booking company Expedia (NASDAQ: EXPE) were tumbling this morning after the company reported its first-quarter results. Despite its beating analysts' top- and bottom-line consensus estimates, investors don't seem convinced that the company has fully bounced back from the pandemic.
The travel stock had fallen by 14.1% at 10:55 a.m. ET.
Expedia reported a non-GAAP loss per share of $0.47 in the quarter, which was an improvement over the company's loss of $2.02 per share in the year-ago quarter. It also beat Wall Street's consensus estimate of a loss of $0.64 per share.
Source Fool.com
