The Bellevue, Washington based Expedia Inc’s (NASDAQ:EXPE) stock surged 21% after the online travel agency handily surpassed Wall Street’s forecasts in its most recent quarter.
The company announced net income of 76 cents a share or 89 cents a share without one time items. Analysts were forecasting 71 cents a share.
Expedia’s major hotel bookings unit, which shows 75% of its revenue, moved up 16% on a 22% boost in stays. That balances an 8% revenue drop in airline ticket revenue. The company was also assisted by growth in corporate travel charges and advertising sales.
Expedia manages 30 travel websites comprises its namesake, hotwire.com and hotels.com.
Its competitors include Orbitz Worldwide, Inc. (NYSE:OWW) which has market capitalization of 399.76 million with 104.10 million outstanding shares and Priceline.com Inc (NASDAQ:PCLN) possessing market capitalization of 31.29 billion with 49.79 million outstanding shares.
Other services stocks include Sirius XM Radio Inc (NASDAQ:SIRI) whose market capitalization remained 8.00 billion, Las Vegas Sands Corp. (NYSE:LVS) with a market cap. Of 29.96 billion, Interpublic Group of Companies, Inc. (NYSE:IPG) having market capitalization of 4.39 billion, Delta Air Lines, Inc. (NYSE:DAL) with a market capitalization of 8.00 billion, Comcast Corporation (NASDAQ:CMCSA) with 85.21 billion and News Corp (NASDAQ:NWSA) with market capitalization of 54.70 billion.
Expedia Inc (NASDAQ:EXPE) stock in current session held volume of 10.70 million shares as compare to its average volume of 3.48 million shares. The stock after opening at $53.68 hit high price of $58.40 and then trading at $56.75 by scoring +24.15%.
As the revenue measures EXPE generated revenue of 3.54 billion in the following twelve months income of $339.02 million. The Company showed a positive 9.67% in the net profit margin and in addition to in its operating margin which remained 13.94%. Company’s annual sales growth for the past five year was 9.04%.
The stock showed weekly downbeat performance of -3.89% which was maintained for the month at -1.49%. Likewise the positive performance for the quarter was recorded as 40.34% and for the year was 5.49% while the YTD performance remained at 58.28%.
The EXPE past twelve months price to sales ratio was 1.64 and price to cash ratio remained 2.91. As far as the returns are concern, the EXPE return on equity was recorded as 14.27% and increased 14.27% return on investment while its return on asset stayed at 4.79%.
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