Expedia Reports Q1 Earnings Miss

Expedia Group EXPE reported quarterly losses of $1.83 per share on Wednesday, which missed the analyst consensus estimate by 79 cents. This is a decrease over losses of 27 cents per share from the same period last year.

The company reported quarterly sales of $2.209 billion, which missed the analyst consensus estimate of $2.290 billion by 3.54%. This is a 15.33% decrease over sales of $2.609 billion the same period last year.

Expedia shares closed up 4.2% at $79.58 on Wednesday. The stock has a 52-week high of $144 and a 52-week low of $40.76.

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