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NEW YORK (TheStreet) -- Expedia (EXPE) stock is gaining 10.93% to $118.68 in after-hours trading on Thursday after the Bellevue, WA-based online travel agency reported financial results that exceeded expectations for the 2016 first quarter.

Earnings of 9 cents per share surpassed estimates of 6 cents per share for the latest quarter. Revenue jumped 42% year over year to $1.9 billion, beating estimates of $1.84 billion.

Gross bookings, or the value of transaction booked through the company's websites, were up 32% to $18.88 billion for the quarter ended March 31.

Hotel revenue increased 25% for the quarter because of sales growth from the and Expedia brands, as well as the acquisition of Orbitz.

Advertising and media revenue jumped 44%, driven by the trivago brand and Expedia Media Solutions.

Separately, Expedia has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's robust revenue growth, reasonable valuation levels, expanding profit margins, unimpressive growth in net income and feeble earnings per share growth.

You can view the full analysis from the report here: EXPE

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 article's author.

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