Expedia Inc (NASDAQ:EXPE) , based in Bellevue, Washington, moved up to the record high in 3 months after announcing quarterly revenue that surpassed analysts’ forecasts and lifting its dividend.
Shares of Expedia, an online-travel corporation, moved up 20% to $54.90 in New York and marked the major boost since April 27. Shares of the company were the second-best performer in the Standard & Poor’s 500 Index on Friday and shares up 89% this year.
Chief Executive Officer Dara Khosrowshahi reported on a conference call on Friday that the corporation observed stronger second-quarter demand for hotel rooms. A 22% boost in room night’s balance a 1% drop in the average daily rate. Khosrowshahi further stated that Expedia’s purchase of VIA Travel in April has also lifted bookings revenue.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Travelzoo Inc (NASDAQ:TZOO) rose +4.92% to settle at $21.86, Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) moved down -1.75% to end at $13.45 while MakeMyTrip Limited (NASDAQ:MMYT) jumped +6.38% to finish on Thursday at $16.09.
Expedia Inc (NASDAQ:EXPE) last session volume of 17.46 million shares was surprisingly higher than its average volume of 3.48 million shares. The stock after opening at $53.68 hit high price of $58.40 and then closed at $54.90 by scoring +20.11%.
The liquidity measure in recent quarter results of the company was recorded 0.86 as current ratio and on the other side the debt to equity ratio was 0.61 and long-term debt to equity ratio also remained 0.61. The Company had total cash at hand $2.39 billion and a book value per share as $15.76 in the most recent quarter.
The stock price volatility was 5.48% for a week and 4.01% for a month as well as price volatility’s Average True Range for 14 days was 2.58 and its beta remained 1.77.
ABTL generated revenue of 3.54 billion in the following twelve months and earned $339.02 million. The Company showed a positive 9.67% in the net profit margin and as well as in its operating margin which remained 13.94%. Company’s annual sales growth for the past five year was 9.04%.
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