Expedia, Inc. (EXPE) reported a net loss for the first quarter of $104.2 million or $0.77 per share, compared to a net loss of $3.3 million or $0.02 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $35.3 million or $0.25 per share, compared to $36.9 million or $0.26 per share in the prior year quarter.
Revenue for the first quarter rose 24% to $1.01 billion from $816.49 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $965.73 million for the first quarter. Analysts' estimates typically exclude special items.
For comments and feedback: editorial@rttnews.com