Expedia Inc. (EXPE: Quote) reported first quarter adjusted earnings per share from continuing operations of $0.26 after the bell Thursday, compared to $0.16 in the prior year. The consensus estimate was for EPS of $0.15.
Expedia gapped open dramatically higher Friday and climbed during the first half hour of trade, before settling into a range. The stock closed up by 7.68 at $40.31 on the highest volume of the year. Expedia re-crossed its 50-day moving average and jumped to a 4-month high.
by RTT Staff Writer
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