Expedia Shares Jump 8 Percent on Higher Revenues & Hotel Bookings

Expedia (EXPE) shares ended Friday's trading day up 8 percent after it reported impressive bookings growth for the first quarter, making it TheStreet's Move of the Day. While the travel booking site posted a $0.03 per share adjusted loss, compared to expectations of a $0.09 profit, sales jumped 14 percent to $1.37 billion. Hotel bookings jumped 32 percent year-over-year. Gross bookings soared 19 percent, but would have risen 25 percent had it not been for foreign exchange headwinds. Shares of Expedia are up 19 percent since the start of the year.