By Yasin Ebrahim
Investing.com - Expedia (NASDAQ:EXPE) reported Thursday fourth-quarter earnings that beat analysts' expectations, but revenue fell just short as bookings were hampered by the impact of the omicron Covid-19 variant on travel.
Expedia announced earnings per share of $1.06 on revenue of $2.28 billion. Analysts polled by Investing.com anticipated EPS of 77 cents on revenue of $2.29 billion.
Total revenue fell 17% compared to the fourth quarter 2019 and total gross bookings were $17.5 billion, down 25%, which was the lowest quarterly decline in 2021, pointing to diminishing impact of the pandemic on travel.
“While we experienced yet another significant travel disruption from Covid this quarter, we were pleased to see that the impact was less severe and of shorter duration than previous waves.
Tesla had beat expectations on January 26 with fourth quarter EPS of $2.54 on revenue of $17.72 billion, compared to forecast for EPS of $2.36 on revenue of $17.13 billion.
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