The action comes after the company issued its quarterly earnings at the end of April, reporting an earnings loss of 3 cents per share on revenue of $1.37 billion, compared to earnings of 16 cents per share on revenue of $1.2 billion in the same quarter last year. On a year-over-year basis, the quarterly revenue increased 14.4%.
Separately, the company in early May launched a loyalty program optimized to help small businesses in the U.S. save money and reward employees for business travel. The program is called Expedia+ business.
Expedia is an online travel company in the U.S. and internationally. The company operates in two segments: Leisure and Egencia.
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 a number of 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."