reported a narrower-than-expected loss for the first quarter as the nonair side of its business strengthened.
The loss for the latest first quarter, before noncash stock-based compensation costs and amortization of goodwill and intangibles, came in at $1.6 million, or 4 cents a share. Six analysts expected the company to lose 26 cents a share for the quarter, according to
First Call/Thomson Financial
The online travel services company said revenue rose to $76.5 million from the year-ago figure of $35.6 million.
Expedia expects that its operating loss will increase sequentially in the December quarter as the company increases its investment in sales and marketing.