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Expedia Beats EPS Estimates, Shares Drop

Expedia Inc EXPE 1.77% released its Q2 results after market close on Thursday. EPS came in above Wall Street consensus expectations, however, shares shares fell 11.13 percent due to the travel company's miss on sales estimates.

Expedia reported EPS of $0.83 and revenues of $2.196 billion. Analyst consensus had an EPS estimate of $0.73 and revenues of $2.240 billion.

Gross bookings increased $3.8 billion or 25 percent year-over-year, excluding eLong, to over $18.8 billion in the second quarter of 2016. Revenue increased 32 percent year-over-year to over $2.1 billion.

At time of writing, Expedia traded at $110.27 in Thursday's after-hours session, down 7.8 percent.

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