Expedia Inc. (EXPE: Quote) Thursday reported an increase in second-quarter profit from continuing operations, helped mainly by higher revenues.
Net income from continuing operations increased to $105.2 million or $0.76 per share from $87.7 million or $0.63 per share last year.
Last year's profit included a $52.8 million gain from the company's discontinued operations.
Adjusted earnings were $125 million or $0.89 per share, compared to $100.6 million or $0.72 per share last year.
On average, 21 analysts polled by Thomson Reuters expected the company tot earn $0.71 per share for the quarter. Analysts' estimates typically exclude special items.
Second-quarter revenues totaled $1.04 billion, up 14 percent from $913.6 million last year. Analysts expected revenues of $989.58 million.
Costs and expenses totaled $856.9 million, up 14 percent from $749.9 million last year.
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by RTT Staff Writer
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