Expedia Analysts Boost Their Forecasts Following Better-Than-Expected Earnings

Expedia Group, Inc. (NASDAQ:EXPE) reported better-than-expected third-quarter adjusted EPS results on Thursday.

Expedia Group reported quarterly earnings of $6.13 per share which beat the analyst consensus estimate of $6.04 per share. The company reported quarterly sales of $4.06 billion which missed the analyst consensus estimate of $4.11 billion.

“Our third quarter results exceeded our expectations on gross bookings and earnings with revenue landing in-line. We accelerated bookings growth in our consumer business for the second consecutive quarter, and our advertising and B2B businesses continue to deliver strong double-digit growth,” said Ariane Gorin, CEO of Expedia Group.

Expedia shares gained 4.8% to trade at ...