Expedia, Inc. EXPE reported accelerating 3Q10 transaction growth of 14% y/y, leading to 17% y/y bookings growth, ahead of Benchmark's estimate.
“Net revenue of $988 million, up 16% y/y, topped consensus at $944 million as revenue margins recovered,” Benchmark writes. “OIBA growth of 15% to $294 million exceeded our $287 million estimate despite higher marketing costs. Adjusted EPS of $0.66 was $0.08 ahead of consensus, but included a $0.06 benefit from a lower tax rate.”
Expedia currently trades at $28.60.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in