SEATTLE (AP) _ Expedia Inc. (EXPE) on Thursday reported a second-quarter loss of $736 million, after reporting a profit in the same period a year earlier.
The Seattle-based company said it had a loss of $5.34 per share. Losses, adjusted for one-time gains and costs, came to $4.09 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $3.40 per share.
The online travel company posted revenue of $566 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $577 million.
Expedia shares have declined 21% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $84.93, a decrease of 37% in the last 12 months.