SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported second-quarter earnings of $330 million.
On a per-share basis, the Seattle-based company said it had net income of $2.48. Earnings, adjusted for one-time gains and costs, were $4.24 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.14 per share.
The online travel company posted revenue of $3.79 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $3.71 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at https://www.zacks.com/ap/EXPE
/Cisco%20Systems%2C%20Inc_%20magnified%20logo-by%20Pavel%20Kapysh%20via%20Shutterstock.jpg)
