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Expedia, Inc. stock price
Expedia, Inc. latest news:
Amazon, Alphabet and Microsoft climb; JC Penney tumbles
Amazon.com, Alphabet and Microsoft jump while Expedia and JC Penney plunge
Expedia heads for worst day in four years after earnings disappointment
Expedia Inc. shares plunged as much as 20% in Friday trading after the online-travel company posted disappointing quarterly results, trimming billions off of the company's market capitalization. The stock fell as low as $118 and were headed for the biggest one-day percentage drop in more than four years. The drop, which came after at least 18 analysts dropped their price target on the stock Friday morning, cost Expedia almost $4 billion in market value at its nadir in morning trading. Expedia stood out from other tech companies that were spiking Friday morning after earnings results, sending the S&P 500 index and Nasdaq composite index higher. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Expedia stock falls 8% on earnings, revenue miss
Expedia Inc. shares slid in the extended session Thursday after the company missed Wall Street earnings and revenue expectations. Expedia shares fell more than 8% after hours to $147.35. The company reported third-quarter net income of $352 million, or $2.23 a share, compared with $279 million, or $1.81 a share, in the year-ago period. Adjusted earnings were $2.51 a share. Revenue rose to $2.97 billion from $2.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.61 a share on revenue of $2.98 billion. For the fourth quarter, Expedia estimates earnings of $1.42 a share on revenue of $2.4 billion. Expedia stock has gained 30.1% this year, with the S&P 500 index rising 14.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
How to get away with the cheapest airfare around
According to a new study from Expedia and Airlines reporting Corporation, there’s a couple things you can do to save on flight prices. Aidan Kelley has the story.
BRIEF-Expedia announces pricing of private offering of senior notes
* Expedia, Inc. announces pricing of private offering of
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