Expedia: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:15 PM ET
Last Updated - Jun 21, 2023, 10:37 PM EDT
SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported a loss of $145 million in its first quarter.
The Seattle-based company said it had a loss of 95 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 20 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The online travel company posted revenue of $2.67 billion in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $2.69 billion.
