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Expedia: 4Q Earnings Snapshot

SEATTLE (AP) _ Expedia Inc. (EXPE) on Thursday reported fourth-quarter profit of $76 million.

On a per-share basis, the Seattle-based company said it had net income of 52 cents. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The online travel company posted revenue of $2.75 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $2.76 billion.

For the year, the company reported profit of $565 million, or $3.77 per share. Revenue was reported as $12.07 billion.

Expedia shares have climbed slightly more than 2% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4%. In the final minutes of trading on Thursday, shares hit $110.59, a decrease of 13% in the last 12 months.


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