Expedia Gets Ready To Report Earnings Results (EXPE)

Online travel company Expedia EXPE is set to report its first quarter earnings results after the closing bell on Thursday. Wall Street analysts are projecting that EXPE will report earnings per share of $0.26, which is in line with what the company reported in the year ago period. Revenues are expected to come in at $795.40 million, which is 11% higher than the $717.92 million Expedia reported in last year's corresponding quarter. Analysts have been lowering their EPS projections for EXPE over the last 3 months. Ninety days ago, the consensus estimate was the the company would report earnings per share of $0.32. The stock has been rising in the near-term heading into this report, largely on the announcement that the company plans to spin off its TripAdvisor property into a separate public company. On a longer term basis, however, EXPE has been pressured, losing more than 15% over the last 6 months.