Expedia Reports Mixed Earnings Results (EXPE)

Expedia EXPE released its first quarter earnings results after the closing bell on Thursday. The company reported net income of $52.04 million or $0.19 per share, versus $59.40 million, or $0.20 per share in the year ago period. On an adjusted basis, EPS was $0.25 compared to $0.26 in last year's first quarter. Wall Street analysts had consensus EPS estimates of $0.26, so EXPE missed by a penny. Revenues were $822.18 million compared to $717.92 million in last year's corresponding quarter. This beat analysts' consensus revenue estimates of $795.40 million.