Expedia Inc. (EXPE) has announced its second-quarter earnings, showing an increase compared to the same period last year and surpassing Wall Street's expectations.
The company reported a net income of $386 million, or $2.80 per share, compared to $385 million, or $2.54 per share, in the second quarter of the previous year.
On an adjusted basis, Expedia Inc.'s earnings were $469 million, or $3.51 per share, for the quarter.
Analysts had, on average, anticipated earnings of $3.06 per share, based on estimates compiled by Thomson Reuters. These forecasts typically exclude special items.
The company's quarterly revenue rose 6.0%, from $3.358 billion last year to $3.558 billion this year.
A summary of Expedia Inc.'s GAAP earnings for the second quarter is as follows:
- Earnings (Q2): $386 million vs. $385 million last year.
- EPS (Q2): $2.80 vs. $2.54 last year.
- Revenue (Q2): $3.558 billion vs. $3.358 billion last year.
