Expedia posts 1Q loss; says revenue rose 24 pct
Online travel agency Expedia Inc. is reporting a larger loss in the first quarter as its stock-based compensation, legal reserve and depreciation costs surged compared to a year ago. But its adjusted revenue and income surpassed Wall Street's expectations.
Expedia says it lost $104.2 million, or 77 cents per share. A year ago it reported a loss of $3.3 million, or 2 cents per share.
The Bellevue, Wash., company says it earned 25 cents per share during the most-recent quarter if the one-time items are excluded.
Revenue climbed 24 percent to $1.01 billion, mostly on greater international sales.
FactSet says analysts expected adjusted net income of 23 cents per share and $967.5 million in revenue.
The company's shares rose 2.5 percent in aftermarket trading following the release of the results.
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