SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported a loss of $135 million in its first quarter.
On a per-share basis, the Seattle-based company said it had a loss of 99 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 21 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The online travel company posted revenue of $2.89 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $2.8 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at https://www.zacks.com/ap/EXPE
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