Investing.com - Expedia (NASDAQ:EXPE) reported first quarter earnings that Beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.27 on revenue of $2.61B. Analysts polled by Investing.com anticipated EPS of $-0.38 on revenue of $2.69B. That compared to EPS of $-0.46 on revenue of $2.51B in the same period a year earlier. The company had reported EPS of $1.18 on revenue of $2.56B in the previous quarter.
Expedia shares lost 2.71% to trade at $124.75 in after-hours trade following the report.
Expedia follows other major Services sector earnings this month
On April 25, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.
Visa A earnings Beat analysts' expectations on April 24, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B
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