EXPE Stock Alert: Expedia Plunges on CEO Departure
EXPEExpedia Group(EXPE) InvestorPlace·2024-02-09 22:20

Expedia (NASDAQ:EXPE) stock plunged 15% after disappointing bookings numbers and the departure of CEO Peter Kern. The travel site earned 132million,92centspersharefullydiluted,onrevenueof132 million, 92 cents per share fully diluted, on revenue of 2.89 billion during the quarter. This compared with net income of 177million,177 million, 1.11 per share, and revenue of 2.61billionayearearlier.However,thedepartureofKern,whohadbeenCEOforfouryears,spookedinvestorsthemost.Expediawasduetoopenthismorningatabout2.61 billion a year earlier. However, the departure of Kern, who had been CEO for four years, spooked investors the most. Expedia was due to open this morning at about 134 per share, a market capita ...