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

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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.

 

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