Investors Overreacted to Expedia's Earnings
EXPEExpedia Group(EXPE) Gurufocus·2024-06-06 21:01

Expedia Group Inc. (EPXE) is a travel company that primarily operates in online bookings. It owns and operates many websites, including hotels.com, travelocity.com, orbitz.com, vrbo.com and expedia.com. It has grown significantly to a market cap of over 14billionsinceitwasfoundedinthelate1990s.EarningsresultsThecompanyreportedfirstquarterearningsafterthemarketclosedonMay2.ItoutperformedWallStreetexpectationsinregardtorevenue(reported14 billion since it was founded in the late 1990s. Earnings results The company reported first-quarter earnings after the market closed on May 2. It outperformed Wall Street expectations in regard to revenue (reported 2.89 billion versus $2.81 billion expe ...