logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Crypto Co., engaged in the digital currencies and blockchain sector, announced its plans to execute a 10-for-1 stock split, citing the significant growth in the value and demand for its shares amid the ongoing digital currency market boost. CEO Mike Poutre said, ""We are aware of the recent fluctuation in our stock, and want to see orderly market activity surrounding the trading of our stock." Teva Pharmaceutical Industries Ltd. (TEVA) said Thursday that it plans to reduce 14,000 jobs globally or more than 25% of its total workforce in the next two years. It will immediately suspend dividends on ordinary shares, and cancel bonus for 2017. The company will continue to review the potential for additional divestment of non-core assets. Checkout the few notable companies that are scheduled to release quarterly financial results on Thursday, December 14, 2017. - Growing Cloud Footprint To Bolster ADBE Q4 - COST Q1 Likely To Benefit From Holiday Weekend Sales - Growth And Diversification Strategy To Boost JBL Q1 Results - Will Cloud Propel ORCL Quarterly Performance?
comments powered by Disqus
Follow RTT