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Expedia Swings to Q1 Loss, but Adjusted Results Easily Beat View; Shares Pop Higher (EXPE)

By Dividend.com,  April 27, 2012, 08:31:45 AM EDT

Online travel agency Expedia Inc. ( EXPE ) on Friday said it swung to a first quarter loss due to special charges, but adjusted results blew away expectations, sending its shares much higher in premarket trading.

The Bellvue, WA-based company reported a first quarter net loss of $3.28 million, or -2 cents per share, compared with a net profit of $52.04 million, or 37 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 26 cents per share.

Revenue rose 12% from last year to $816.5 million.

On average, Wall Street analysts expected a much lower profit of 15 cents per share, on smaller revenue of $790.91 million.

Expedia shares exploded higher in premarket trading Friday, up $6.40, or +20%.

The Bottom Line
Shares of Expedia ( EXPE ) have a .86% dividend yield, based on last night's closing stock price of $32.63. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $38-$40 price levels.

Expedia Inc. ( EXPE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: EXPE



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