WASHINGTON (dpa-AFX) - Expedia Inc. (EXPE) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $386 million, or $2.80 per share. This compares with $385 million, or $2.54 per share, in last year's second quarter.
Excluding items, Expedia Inc. reported adjusted earnings of $469 million or $3.51 per share for the period.
Analysts on average had expected the company to earn $3.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.0% to $3.558 billion from $3.358 billion last year.
Expedia Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $386 Mln. vs. $385 Mln. last year. -EPS (Q2): $2.80 vs. $2.54 last year. -Revenue (Q2): $3.558 Bln vs. $3.358 Bln last year.
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