Expedia Shares Up On Better-than-expected Q2 Results

Shares of Expedia Group Inc. (EXPE) are currently trading at $103.74, up $1.54 or 1.51%, with trading volume of over 1.81 million versus an average volume of 3.32 million shares. The stock has been trading in the range of $88.70 - $217.72 for the past one year.

The company's Q2 net loss narrowed to $185 million or $1.17 per share from the previous year's loss of $301 million or $2.02 per share. On an adjusted basis, net income amounted to $310 million or $1.96 per share compared to a loss of $169 million or $1.13 per share last year. Revenue for the quarter surged 51% to $3.18 billion from $2.11 billion generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $1.58 per share on revenue of $2.99 billion for the quarter. Analysts' estimate typically exclude certain special items.

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