Why Shares of Expedia Group Were Slammed Thursday

Shares of online travel agent company Expedia Group (NASDAQ: EXPE) took a huge hit on Thursday, falling more than 25% as of 12:45 p.m. EST.

The stock's slide follows Expedia's third-quarter update, which featured worse-than-expected non-GAAP (adjusted) earnings per share and a lowered outlook for full-year adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization).

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Source Fool.com