Expedia profit soars 50 percent

Reuters News
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Posted: Oct 30, 2014 5:06 PM

(Reuters) - Expedia Inc reported robust earnings on Thursday, topping analyst estimates, as quarterly profit rose by more than 50 percent from the year-earlier quarter.

The online travel bookings company posted net income of $257.1 million and earned $1.94 per diluted share, well ahead of Wall Street's average estimate of $1.74, according to Thomson Reuters I/B/E/S.

Expedia Inc's shares were up 3.3 percent at $83.40 in after-hours trading in New York.

(Reporting By Jeffrey Dastin; Editing by Steve Orlofsky)