Shares of Expedia are down nearly 4 percent in after-hours trading after the company missed Wall Street estimates for its fourth quarter earnings report. [Update: Expedia shares are now down more than 8 percent.]
The Bellevue online travel giant posted an EPS of $0.86, which missed expectations by 15 cents a share. Expedia did meet revenue estimates, bringing $1.36 billion last quarter — up 18 percent year-over-year, but down from $1.71 billion in revenue during Q3.
The Q4 EPS of $0.86 was also down from last quarter, when Expedia beat expectations with earnings of $1.93 per share. Expedia noted Q4 gross bookings growth of 28 percent year-over-year.
Last month, Expedia bought online travel company Travelocity for $280 million in cash. The company is now valued at just over $11 billion, and its stock is up 35 percent in the past year.
