NEW YORK (TheStreet) -- Expedia (EXPE) - Get Expedia Group, Inc. Report shares are rallying by 7.14% to $114.50 in Thursday's after-hours trading as the online travel company reported strong fiscal 2015 second quarter earnings results.
For the latest quarter, the company posted earnings of 89 cents per share on revenue of $1.66 billion.
Analysts had expected the company to post earnings of 85 cents per share on revenue of $1.66 billion.
In the same period the previous year, the company posted earnings of $1.03 on revenue of $1.49 billion.
Domestic and international room nights grew by 24% and 50% respectively, year-over-year, the company said.
Additionally, Expedia added about 27,000 properties to its global supply portfolio in the latest quarter.
Separately, the company's plan to acquire online travel rival Orbitz Worldwide (OWW) for $1.6 billion is projected to get approval from the Department of Justice, according to the New York Post.
Separately, TheStreet Ratings team rates EXPEDIA INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXPEDIA INC (EXPE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: EXPE Ratings Report