– Expedia fell 42 cents a share shy of consensus estimates, with quarterly profit of $3.38 per share. The travel website operator's revenue was slightly below estimates as well. Expedia also saw other key metrics fall short of analyst forecasts, and it also cut its full-year guidance.
– TripAdvisor missed estimates by 11 cents a share, with adjusted quarterly earnings of 58 cents per share. Revenue came in below estimates as well. The company said the quarter was more difficult than it anticipated, and that it would undergo a cost structure evaluation. The online travel company also declared a special cash dividend of $3.50 per share.
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Expedia stock drops after disappointing earningsExpedia Group Inc. shares fell in the extended session Wednesday after the online travel site's quarterly results missed Wall Street expectations. Expedia...
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