Expedia (EXPE) is an elephant with a mosquito on its back: Airbnb. Online travel juggernaut Expedia posted mixed earnings late Thursday, but executives foresaw better-than-expected efficiencies from the Orbitz merger, and Expedia stock soared to an all-time high Friday above 139. Yet, alternative-lodgings company Airbnb is nipping at the heels of online booking companies such as Expedia and Priceline (PCLN). “Expedia has been an improving
Expedia late Thursday reported a mixed Q3, with sales slightly missing views and earnings slightly beating, in its first financial report since acquiring rival online travel agency Orbitz on Sept. 17. Expedia (EXPE) reported Q3 revenue of $1.94 billion, up 16% from $1.66 billion in the year-earlier quarter. Earnings per share ex items rose 6% to $2.07. The company said the results included 14 days of Orbitz financials. Analysts polled by Thomson
Expedia (EXPE), hot off the heels of its $1.3 billion Orbitz takeover, is expected to post its first year-over-year EPS increase in four quarters when it reports Q3 earnings after the close Thursday. Analysts expect the online travel agent’s Q3 revenue to increase 12% from the year-earlier quarter, to $1.95 billion. Earnings per share minus items are expected to rise 6% to $2.05 from $1.93, according to analysts polled by Thomson Reuters.