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Expedia Q2 Profit Declines; Declares Dividend - Quick Facts

Expedia, Inc. (EXPE) reported a second-quarter net income attributable to the company of $71.5 million or $0.51 per share, compared to $105.2 million or $0.76 per share in the comparable quarter last year.

Excluding items, adjusted net income for the first quarter was $90.5 million or $0.64 per share, compared to $124.8 million or $0.89 per share in the prior year quarter. On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.79 per share. Analysts' estimates typically exclude special items.

Revenue for the second quarter rose 16% to $1.21 billion from $1.04 billion a year ago, while 23 analysts had consensus revenue estimate of $1.26 billion for the quarter.

In addition, on July 24, 2013, the Executive Committee of Expedia's Board of Directors declared a cash dividend of $0.15 per share of outstanding common stock to be paid to stockholders of record as of the close of business on August 28, 2013, with a payment date of September 18, 2013.

by RTTNews Staff Writer

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