Expedia Reports Narrower-Than-Expected Loss
Chris Frankie
01/29/01 - 05:47 PM EST
| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| -$0.06 | -$0.15 | -$0.26
|
 |
Expedia(EXPE Quote) posted much narrower losses than Wall Street was projecting for the second quarter, as sales rose sharply for the period.
The online travel services company said it lost $2.6 million, or 6 cents a share, excluding intangibles, certain charges and amortization. The company lost $10.3 million, or 26 cents a share, in the year-ago period. Nine analysts polled by
First Call/Thomson Financial were expecting the company to lose 15 cents a share.
Revenue increased to $80 million from the $44 million Expedia brought in during the same period last year.
Shares of Expedia closed up 50 cents, or 3.1%, to $16.75 in regular session
Nasdaq trading, and continued to rise, reaching $17.75 in recent after-hours
Island activity.
