Expedia (EXPE) Misses Q3 Earnings And Revenue Estimates
Zacks Investment Research | Oct 26, 2017 11:39PM ET
Expedia Inc. (NASDAQ:EXPE) reported disappointing third-quarter 2017 results, missing the Zacks Consensus Estimate on both counts.
Earnings per share came in at 51 cents compared with 89 cents in the previous quarter and $2.41 in the year-ago quarter. Earnings missed the Zacks Consensus Estimate by 8 cents.
Revenues of $2.96 billion missed the consensus mark by nearly $40 million but were up 14.7% sequentially and 14.9% year over year. Gross bookings decreased 2.9% sequentially but increased 11% year over year to $22.2 billion.
Expedia shares plummeted 14% in afterhours trading in response to the weak results and lowered EBITDA guidance for full year 2017. Year to date, shares have gained 30.1%, significantly underperforming the Original post
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