Expedia Dips 11.5% as Earnings Miss Wall Street's Forecasts

Shares of travel website Expedia (EXPE) ended Friday's trading day down 11.4%, making it TheStreet's move of the day. The company posted fourth quarter earnings on Thursday and the stock plummeted after it missed analysts forecasts. Earnings per share came in at $0.50, but analysts were expecting a much higher $1.01. This was 29% less than the $0.70 the company posted during the same quarter in 2013. Expedia has a 65% stake in China travel website eLong, which suffered a $27 million adjusted EBITDA loss during the quarter on the heels of stiff competition, the company said. Expedia was also hit from the strengthening U.S. dollar. Shares are down 8.7% since the start of the year. TheStreet's Scott Gamm reports from New York.