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Expedia turns profit, no thanks to Orbitz

Expedia Inc. swung to a quarterly profit, though revenue decelerated from previous quarters, partly dragged by Orbitz.

Shares, whose value has risen more than one-third over the past 12 months, fell 2.6% to $120.07 in after-hours trading as profit results missed expectations.

Launched in 1996 by a small division of Microsoft Corp., Expedia went public in 1999. In December, it spun off hotel-search firm Trivago into a public company.

Expedia, which...