SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported third-quarter profit of $959 million.
The Seattle-based company said it had net income of $7.33 per share. Earnings, adjusted for one-time gains and costs, came to $7.57 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $7.21 per share.
The online travel company posted revenue of $4.41 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $4.3 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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