Expedia posts quarterly loss but revenue rises

Reuters News
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Posted: Apr 26, 2012 4:49 PM

(Reuters) - Online travel agency Expedia Inc posted a higher quarterly profit on an adjusted basis as revenue rose, and its shares gained 13 percent after the bell.

The company had a net loss of $3.3 million, or 2 cents a share, in the first quarter, compared with earnings of $52 million, or 37 cents a share, a year earlier.

Adjusted earnings, which takes into account depreciation, interest expense and other items, came to 26 cents a share, compared with 16 cents a year earlier. That was better than the 15 cents a share expected by analysts, on average, according to Thomson Reuters I/B/E/S.

Quarterly revenue rose 12 percent to $816.5 million.

(Reporting by Karen Jacobs; Editing by Phil Berlowitz and Steve Orlofsky)