Expedia Shares Fly As Room Night Growth Accelerates

July 30, 2015 11:31 PM

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Expedia Shares Fly As Room Night Growth Accelerates

Expedia (NASDAQ:EXPE) shares are taking off late Thursday as the online travel agency's second-quarter results came out ahead of consensus views and said room night growth accelerated year over year.

Adjusted earnings fell 13.6% to 89 cents a share, 4 cents above analyst estimates. Revenue grew 11% to $1.662 billion from last year, slightly above forecasts for $1.659 billion. Minus the impact of the strong dollar, revenue rose 25%, said the company.

Also read: UK manufacturing growth cools unexpectedly in November: PMI

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