News Formal

Expedia’s stock jumps 9% as company sees ‘resilience’ in travel demand

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

Shares of Expedia Group Inc.

rallied 9% in the after-hours session Thursday after the online travel company reported quarterly earnings well above Wall Street expectations, saying that demand for travel has been resilient. Expedia earned $425 million, or $2.87 a share, in the third quarter, compared with $482 million, or $2.98 a share, in the year-ago period. Adjusted for one-time items, the company earned $5.41 a share. Revenue rose 9% to $3.9 billion “and was a record for any quarter,” the company said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SolarEdge’s stock tanks 22% after company swings to surprise loss, revenue dropClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Source: MarketWatch - 🏆 3. / 97 Read more »

Lemonade’s stock rallies 9% after insurance company narrows quarterly lossClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Source: MarketWatch - 🏆 3. / 97 Read more »