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Expedia Delivers Q4 Results Beat, but Bookings Miss Weighs; Shares Slip

By Yasin Ebrahim

Investing.com --  Expedia reported Thursday third quarter results that beat analysts' forecasts, but bookings fell short of estimates, exacerbating worries about demand just as a slowing global economy is expected to sap travel demand.   

Expedia (NASDAQ:EXPE) slid more than 7% in afterhours trading following the report.

Expedia announced earnings per share of $4.05 on revenue of $3.62B. Analysts polled by Investing.com anticipated EPS of $4.02 on revenue of $3.56B.

"The third quarter marked another period of robust travel demand despite the uncertain macroeconomic environment," the company said. 

The beat on the top and bottom lines, however, were overshadowed by weaker than expected bookings in Q3.

Bookings in the third quarter rose 28% to $23.99 billion, though that was below analysts' estimates for $25.1 billion. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.