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Expedia (EXPE) Stock Lower in After-Hours Trading on Q3 Earnings

NEW YORK (TheStreet) -- Shares of Expedia (EXPE) were retreating in after-hours trading on Thursday after the company posted weaker-than-expected earnings and bookings for the 2016 third quarter.

After today's market close, the Bellevue, WA-based online travel company reported adjusted earnings of $2.41 per share, below analysts' estimates of $2.47 per share.

Revenue rose 33% to $2.58 billion from last year. Analysts surveyed by FactSet were projecting $2.54 billion.

Gross bookings rose 21% to $18.6 billion...


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