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.
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