Investing.com - Expedia (NASDAQ:EXPE) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Expedia announced earnings per share of $-0.22 on revenue of $1.50B. Analysts polled by Investing.com anticipated EPS of $-0.78 on revenue of $1.37B.
Expedia shares are down 8.91% from the beginning of the year, still down 28.99% from its 52 week high of $138.72 set on November 4, 2019. They are under-performing the Nasdaq which is up 29.18% from the start of the year.
Expedia shares gained 4.30% in after-hours trade following the report.
Expedia follows other major Services sector earnings this month
Expedia's report follows an earnings beat by Amazon.com on October 29, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Visa A had beat expectations on October 28 with fourth quarter EPS of $1.12 on revenue of $5.1B, compared to forecast for EPS of $1.09 on revenue of $5B.
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