SEATTLE (AP) 鈥� SEATTLE (AP) 鈥� Expedia Group, Inc. (EXPE) on Wednesday reported second-quarter earnings of $878 million.
On a per-share basis, the Seattle-based company said it had profit of $7.16. Earnings, adjusted for one-time gains and costs, came to $5.76 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.45 per share.
The online travel company posted revenue of $4.32 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $4.18 billion.
For the current quarter ending in September, Expedia said it expects revenue in the range of $4.65 billion to $4.75 billion.
The company expects full-year revenue in the range of $16.05 billion to $16.22 billion.
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