Expedia: Q4 Earnings Snapshot
By AP News
Published - Feb 09, 2023, 06:03 PM ET
Last Updated - Jun 22, 2023, 10:16 PM EDT
SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported fourth-quarter net income of $177 million.
On a per-share basis, the Seattle-based company said it had net income of $1.11. Earnings, adjusted for one-time gains and costs, came to $1.26 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The online travel company posted revenue of $2.62 billion in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $2.68 billion.
