Expedia Crushes Estimates, Raises Dividend; Shares Surge
Shares of online travel reservation firm Expedia (NASDAQ: EXPE) are soaring in Thursday's after-hours session after the company reported a second-quarter profit of 89 cents per share. That easily topped the 71 cents per share analysts expected.
The company also said it is raising its quarterly dividend to 13 cents per share from nine cents. Expedia shares are up more than 14 percent in after-hours trading.
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