By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) ? Expedia Inc. shares rose more than 4% in after-hours trading after the online travel site reported a 10% increase in fourth-quarter earnings and strong growth it its gross booking and hotel room nights.
/conga/story/2013/02/trading-strategies.html 248020Expedia /quotes/zigman/7619798/quotes/nls/expe EXPE +3.59% ?said it earned $88.9 million, or 63 cents a share, on $974.9 million in revenue. That was up from a profit of $80.6 million, or 58 cents a share, on sales of $787.1 million in the same period a year ago.
Analysts surveyed by FactSet had forecast Expedia to earn 65 cents a share on $933 million in revenue.
Expedia said that its gross bookings rose 19% from a year ago to $7.5 billion, while hotel-room nights rose by 33% and revenue from hotel sales grew by 25%. Air ticket sales increased by 10% from a year ago.
International sales made up $464 million of Expedia?s total revenue in the quarter, making up 48% of the company?s total quarterly sales.
/quotes/zigman/7619798/quotes/nls/expe
US : U.S.: Nasdaq
Volume: 4.43M
Feb. 5, 2013 4:00p
Rev. per Employee$371,081
Rex Crum is a reporter for MarketWatch in San Francisco. Follow him on Twitter @mktwcrum.
Source: http://www.marketwatch.com/story/expedia-earnings-rise-on-strong-hotel-business-2013-02-05
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