Expedia Beats Q3 EPS and Revenue Estimates as Gross Bookings Rise 9% (EXPE)
Thu. October 29, 2009; Posted: 09:28 AM
Oct 29, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/29/2009 - Expedia (NASDAQ:EXPE) reported Q3 EPS of $0.48, ex-items, beating consensus analyst estimates of $0.43. Revenue for the quarter rose 2.3% year-over-year to $852.4 million, coming out ahead of consensus estimates of $828.9 million. Gross bookings on Expedia rose 9% driven by a 26% transaction growth. President and CEO Dara Khosrowshahi said, "Travelers are clearly responding to our improving value proposition, as we broaden our fee cuts and increase the depth and breadth of our global supply . . . While we're pleased with our financial and operating results in the third quarter, we are busy planning for a 2010 that will prove every bit as competitive and challenging as 2009."
Write to Chip Brian at cbrian@tradethetrend.com
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