Expedia Stock Is Diving After Hours: What's Going On?

Expedia Group Inc EXPE shares are trading lower in Thursday's after-hours session after the company reported fourth-quarter results that were negatively impacted by severe weather. 

What Happened: Expedia reported fourth-quarter revenue of $2.618 billion, up 15% year-over-year, driven by growth across the company. The online travel agency company reported quarterly earnings of $1.26 per share, which missed average analyst estimates of $1.65 per share.

Expedia noted that it experienced "friction" from transforming its business model and technology platform, but demand remained strong.

"While our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating, and has been markedly stronger since the start of the year," said Peter Kern, vice chairman and CEO of Expedia.

Expedia said it experienced the highest app usage in history and saw members grow to record levels during the fourth quarter.

The company ended the quarter with $4.1 billion in cash, equivalents and short-term investments. 

Expedia did not provide guidance, but it said it's holding a conference call to discuss its fourth-quarter results, as well as "certain forward-looking information." The call kicked off at 4:30 p.m. ET.

EXPE Price Action: Expedia has a 52-week high of $217.72 and a 52-week low of $82.39. 

The stock was down 4.27% after hours at $112.68 at the time of publication, according to Benzinga Pro.

Photo: Viaggio Routard from Flickr.