logo
Plus   Neg
Share
Email

Expedia Posting Steep Loss On Disappointing Q4 Earnings

Shares of Expedia (EXPE) continue to see significant weakness in afternoon trading on Friday after an early move to the downside. After hitting its lowest intraday level in well over a year, Expedia is currently down by 17.8 percent.

The steep drop by Expedia comes after the travel services company reported weaker than expected fourth quarter earnings.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc.'s Chief Executive Officer Tim Cook has defended his company's decision to use Google as the default search engine on Apple products, including iPhones. He also said that regulation of tech companies is inevitable. In an interview with Axios for "Axios on HBO" airing Sunday night, Axios technology correspondent Ina Fried asked Cook why Apple accepts payments from Google. Amazon.com Inc.'s (AMZN) Chief Executive Jeff Bezos has told the company's employees said that the tech giant is not too big to fail, according to media reports. Shares of Nordstrom Inc. (JWN) slipped 10 percent in extended hours on Thursday after the department store chain's full-year revenue outlook fell short of Street estimates. Seattle-based Nordstrom's third-quarter profit dropped to $67 million or $0.39 per share from $114 million or $0.67 per share...
Follow RTT