Shares of Expedia rose Thursday after the Bellevue online travel giant beat analyst expectations with its second quarter earnings.
The Bellevue-based travel giant reported adjusted net income of $137.6 million (up 52% from last year) on revenues of $1.5 billion (up 24% from last year), both of which eclipsed Wall Street’s predictions.
The stock was up more then three percent in regular trading. Expedia, which has a market value of $10.3 billion, is up 68 percent since this time last year.
The company finished the quarter with $2.4 billion in cash, cash equivalents and short-term investments, and free cash flow jumped 66 percent from a year ago to $411 million.
Here’s a closer look at the earnings:
