Expedia Earnings: Revenue Win Enough to Please Shareholders

Expedia Inc. (NASDAQ:EXPE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.33%.

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Expedia Inc. Earnings Cheat Sheet

Results: Net income decreased -90.47% to $6.7 million (5 cents per diluted share) in the quarter versus a net gain of $70.33 million in the year-earlier quarter.

Revenue: Rose 110.85% to $974.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Expedia Inc. reported adjusted net income of 63 cents per share. By that measure, the company missed the mean analyst estimate of $0.65. It beat the average revenue estimate of $930.69 million.

Key Stats:

Revenue decreased 18.69% from $1.2 billion in the previous quarter. Net income decreased 96.09% from $171.48 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.3 to a profit $0.31. For the current year, the average estimate has moved up from a profit of $3.12 to a profit of $3.13 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)