Expedia Group Inc. (EXPE) rose 2.3% to close at $130.80 in trading on Friday after the online travel site posted better-than-expected fourth-quarter earnings and revenue.
Adjusted earnings in the quarter were $1.24 a share, above analysts' forecasts of $1.08. Revenue of $2.6 billion rose 10% from a year earlier and topped Wall Street estimates of $2.5 billion.
The company said total gross bookings in the quarter rose 11% to $21.96 billion. Domestic gross bookings jumped 13% and international gross bookings increased 8%.
Adjusted earnings before interest, tax, depreciation and amortization, will rise 10% to 15% in 2019, said Chief Financial Officer Alan Pickerill on a conference call Thursday. Analysts were projecting an increase of 9%, according to data compiled by Bloomberg.