Revenue Update on Expedia Inc(NASDAQ:EXPE)

Expedia Inc(NASDAQ:EXPE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $2.20B. Analysts estimated a revenue of $2.25B. Earnings per share were $0.83. Analysts had estimated an EPS of $0.77.

In a different note, On Jun 20, 2016, Atlantic Equities said it Upgrades its rating on Expedia Inc. The shares have been rated ‘Overweight’ by the firm.

Expedia Inc (EXPE) made into the market gainers list on Thursdays trading session with the shares advancing 0.84% or 0.95 points. Due to strong positive momentum, the stock ended at $113.51, which is also near the day’s high of $114.2. The stock began the session at $111.62 and the volume stood at 19,41,582 shares. The 52-week high of the shares is $140.51 and the 52 week low is $88.4. The company has a current market capitalization of $16,994 M and it has 14,97,15,810 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Lance A Soliday (Chief Accounting Officer) sold 1,300 shares at $105.34 per share price.Also, On May 9, 2016, Victor Kaufman (Vice Chairman) sold 65,200 shares at $112.76 per share price.On Apr 22, 2016, Dara Khosrowshahi (CEO) sold 32,500 shares at $79.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which provides a range of travel and advertising services through a range of brands including and in the United States and localized Expedia and Websites around the world EAN Travelocity Venere Wotif Group and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.

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