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

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.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

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.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »