Expedia Jumps On Earnings Results

Expedia EXPE is surging in the after hours trading session on Thursday after reporting better than expected Q2 earnings results. The company reported earnings per share of $0.55, which came in ahead of analysts' consensus EPS estimates of $0.49. Revenues were up 23% year over year to $1.02 billion. This also beat Wall Street consensus revenue estimates of $962 million. Gross bookings in the quarter rose 15% on a constant-currency basis as a result of a 15% rise in transactions, and higher overall ticket prices for airline fares. In the after hours trading session, EXPE shares have surged 7.45% to $31.15.