Expedia’s stock jumps 9% as company sees ‘resilience’ in travel demand

by

Posted: November 2, 2023 at 5:04 pm ET

The shares of Expedia Group Inc. EXPE rallied 9% in the after-hours session Thursday after the online travel company reported quarterly earnings well above Wall Street expectations, saying travel demand remained resilient. Expedia earned $425 million, or $2.87 per share, in the third quarter, compared with $482 million, or $2.98 per share, in the year-ago period. Adjusted for one-time items, the company earned $5.41 per share. Revenue rose 9% to $3.9 billion “and was a record for any quarter,” the company said. The FactSet consensus called for adjusted earnings of $5 per share on sales of $3.86 billion. “Our strong third quarter…

The shares of Expedia Group Inc.

EXP

rallied 9% in the after-hours session Thursday after the online travel company reported quarterly earnings well above Wall Street expectations, saying travel demand remained resilient. Expedia earned $425 million, or $2.87 per share, in the third quarter, compared with $482 million, or $2.98 per share, in the year-ago period. Adjusted for one-time items, the company earned $5.41 per share. Revenue rose 9% to $3.9 billion “and was a record for any quarter,” the company said. The FactSet consensus called for adjusted earnings of $5 per share on sales of $3.86 billion. “Our strong third quarter results with record revenue and profitability came in ahead of our guidance and reflect the resilience of travel demand and continued improvements resulting from the execution of our strategy,” said Chief Executive Peter Kern in a statement. Expedia also reiterated its full-year guidance of double-digit growth with margin expansion, and announced a new $5 billion share buyback program.

13 thoughts on “Expedia’s stock jumps 9% as company sees ‘resilience’ in travel demand”

  1. Absolutely thrilled to share my thoughts here! This content is astonishingly innovative, blending creativity with insight in a way that’s engrossing and informative. Every detail seems meticulously crafted, demonstrating a deep grasp and passion for the subject. It’s rare to find such a perfect blend of information and entertainment! Major applause to everyone involved in creating this masterpiece. Your hard work and dedication are clearly evident, and it’s an absolute joy to witness. Looking forward to seeing more of this amazing work in the future! Keep rocking us all! #Inspired #CreativityAtItsBest

    Reply

  2. Wow, blog ini seperti petualangan fantastis meluncurkan ke alam semesta dari keajaiban! Konten yang menegangkan di sini adalah perjalanan rollercoaster yang mendebarkan bagi imajinasi, memicu kagum setiap saat. Baik itu inspirasi, blog ini adalah harta karun wawasan yang inspiratif! #PetualanganMenanti ke dalam pengalaman menegangkan ini dari pengetahuan dan biarkan pemikiran Anda terbang! Jangan hanya mengeksplorasi, rasakan kegembiraan ini! #MelampauiBiasa Pikiran Anda akan berterima kasih untuk perjalanan menyenangkan ini melalui alam keajaiban yang menakjubkan!

    Reply

Leave a Comment