Expedia spooks investors with CEO change
EXPEExpedia Group(EXPE) Market Watch·2024-02-09 05:50

Expedia Group Inc. shares fell 12% in the extended session Thursday, as investors appeared nervous by a CEO change and looked past a quarterly beat for the online travel company. Expedia EXPE, +3.30% earned 132million,or92centsashare,inthefourthquarter,comparedwith132 million, or 92 cents a share, in the fourth quarter, compared with 177 million, or 1.11ashare,intheyear−agoperiod.Adjustedforone−timeitems,thecompanyearned1.11 a share, in the year-ago period. Adjusted for one-time items, the company earned 1.72 a share. Revenue rose 10% to 2.89billion.AnalystspolledbyFactSetexpectedadjustedEPSof2.89 billion. Analysts polled by FactSet expected adjusted EPS of 1.67 on revenue of $2.87 b ...