NEW YORK (TheStreet) -- Shares of Expedia (EXPE) - Get Report were retreating in after-hours trading on Thursday after the company posted weaker-than-expected earnings and bookings for the 2016 third quarter.
After today's market close, the Bellevue, WA-based online travel company reported adjusted earnings of $2.41 per share, below analysts' estimates of $2.47 per share.
Revenue rose 33% to $2.58 billion from last year. Analysts surveyed by FactSet were projecting $2.54 billion.
Gross bookings rose 21% to $18.6 billion year-over-year, but were lower than analysts' forecasts. Wall Street was looking for bookings of $19.2 billion, according to FactSet.
Third-quarter room nights stayed were up 17% compared to a year ago.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: EXPE