Expedia Reports Narrower-Than-Expected Loss

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.