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Expedia Inc. (EXPE) Q2 Earnings, Revenues Fall Short Of Estimates

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Expedia Inc. (EXPE - Free Report) just released its second quarter fiscal 2016 earnings results, posting earnings of $0.40 per share (excluding special items) and revenue of $2.195 billion. 

Currently, EXPE has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Expedia Inc.:                                         

Missed earnings estimates. The company posted earnings of $0.40 per share (excluding special items), just below the Zacks Consensus Estimate of $0.44 per share. Diluted earnings per share came in at $0.21.

Missed revenue estimates. The company saw revenue figures of $2.195 billion, below our consensus estimate of $2.24 billion and increasing 32% year-over-year.

Gross bookings increased $3.8 billion, or 25% year-over-year, excluding eLong, to over $18.8 billion in the second quarter.

Global lodging portfolio increased by 25,000 properties, or 2-% year-over-year, bringing total hotel property count to over 307,000 available on Expedia Inc. sites.

EXPE was down $6.31, or 5.29%, to $112.96 as of 4:30 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Expedia’s share price and EPS surprises since 2015…

EXPEDIA INC Price and EPS Surprise

EXPEDIA INC Price and EPS Surprise | EXPEDIA INC Quote

Expedia Inc. is one of the world’s leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia Inc.’s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia’s companies also operate internationally with sites in Canada, the UK, Germany, France, Italy, Netherlands, and China, through its investment in eLong.

Check back later for our full analysis onEXPE’s second quarter earnings report!

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