Expedia Shares Suffered After Earnings

Expedia Inc. (NASDAQ:EXPE) suffered a minor blow when its revenue didn’t meet that of analysts’ estimates. The company posted revenue of $2.2 billion, 50 million short of its $2.25 billion forecast. This caused the company’s shares to drop almost 3% on Friday.

Although coming short on revenue, the company reported that its earnings were 83 cents per share, beating the estimates of 78 cents.  

CEO Dara Khosrowshahi states that the company has been impacted by the recent terror attacks in Europe. The attacks cause a shift in flight patterns, slightly impacting the company as a whole.

“When you look at volumes that visit Paris, they haven’t bounced back in the way that you’d expect it and some of the effect around France,” Khosrowshahi said. “Nice, Belgium also have a reverberation there, so it’s something we’re going to watch now.”

The company’s’ stock dipped nearly 7% in the year-to-date.

 

 

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