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Expedia Beats Estimates as Acquisitions Add to Revenue

Expedia Inc. topped profit estimates as revenue from its recently acquired home rental business HomeAway Inc. kicked in ahead of expectations and strengthening foreign currencies mitigated the effects of the high U.S. dollar.

Profit, excluding some costs, was 9 cents a share in the first quarter, the Bellevue, Washington-based company said Thursday in a statement, compared with the average analyst estimate of a loss of 6 cents. Sales increased 38 percent to $1.90 billion, compared with the average estimate of $1.84 billion...