Shares of Expedia fell more than five percent in after hours trading Thursday after the Bellevue-based online travel company posted earnings that disappointed Wall Street. The company boosted revenue by 15 percent and net income by 19 percent, but shares still fell.
Revenue for the third quarter was $1.1 billion, up from $987 million during the same period last year. Net income was $209 million.
Hotel bookings increased 16 percent, while airfare bookings dropped by 10 percent.
Expedia, which employs 8,900 people worldwide, plans to spin off its TripAdvisor unit this year. That unit saw a 30 percent increase in revenue during the quarter, posting $180 million in revenue.