Expedia Q4 Profit Tops Estimate

(RTTNews) - Expedia, Inc. (EXPE) reported net income for the fourth quarter of $94.7 million or $0.70 per share, compare to $6.7 million or $0.05 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $125.1 million or $0.92 per share, compared to $88.9 million or $0.63 per share in the prior year quarter.

Revenue for the fourth quarter rose 18% to $1.15 billion from $974.86 million a year ago. Analysts polled by Thomson Reuters expected the company to earn $0.86 per share on revenue of $1.14 billion for the fourth quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, gross bookings increased 21%, mainly driven by room night growth at eLong, Brand Expedia and Hotels.com, and, to a lesser extent, an increase in air tickets.