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Expedia: 3Q Earnings Snapshot

BELLEVUE, Wash. (AP) _ Expedia Inc. (EXPE) on Wednesday reported third-quarter earnings of $409 million.

The Bellevue, Washington-based company said it had net income of $2.71 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $3.38 per share.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.82 per share.

The online travel company posted revenue of $3.56 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $3.58 billion.

Expedia shares have risen 20% since the beginning of the year, while the Standard & Poor's 500 index has increased 23%. In the final minutes of trading on Wednesday, shares hit $135.36, an increase of slightly more than 8% in the last 12 months.

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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