SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported second-quarter profit of $386 million.
The Seattle-based company said it had profit of $2.80 per share. Earnings, adjusted for one-time gains and costs, came to $3.51 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.17 per share.
The online travel company posted revenue of $3.56 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $3.54 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
