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News Breaks
February 5, 2013
12:44 EDTEXPEEarnings Preview: Analysts expect Expedia to have strong Q4 results
Expedia (EXPE) is expected to report Q4 earnings after the market close on Tuesday, February 5 with a conference call scheduled for 5:00 pm ET. Expedia is an Internet-based travel website that offers airplane, hotel and car reservations, and other vacation and business travel services... EXPECTATIONS: Analysts are looking for EPS of 65c on revenue of $930.69M. The consensus range is 56c-77c for EPS, and $891.98M-$985.45M for revenue, according to First Call... LAST QUARTER: Expedia reported Q3 EPS $1.32 against estimates of $1.26 on revenue of $1.2B against estimates of $1.17B. Room nights grew 27% year-over-year. Adjusted EBITDA increased 6% year-over-year... STREET RESEARCH AND NEWS: Following Expedia's Q3 results, the company was upgraded at Raymond James, Benchman Co. and Lazard Capital. The analyst firms cited strong numbers from Q3 international bookings, higher than expected gross bookings and market share gains. Ahead of Q4 earnings, Cantor said it expects Expedia to report solid Q4 numbers considering hotel trends remained relatively unchanged and there was a limited hit from Hurricane Sandy in Q4. Cantor added that the company's paid clicks grew at a strong pace in the fall and should add to solid Q4 results... PRICE ACTION: Expedia shares have gained almost 30% since the first day of trading following the company's Q3 report. In Tuesday midday trading ahead of its Q4 report, Expedia shares are trading up almost 2%.
News For EXPE From The Last 14 Days
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May 28, 2015
07:47 EDTEXPEUBS internet and travel analyst holds analyst/industry conference call
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May 27, 2015
11:58 EDTEXPEOrbitz shareholders approve acquisition by Expedia
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May 26, 2015
09:58 EDTEXPEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
09:07 EDTEXPEExpedia price target raised to $125 from $109 at BofA/Merrill
BofA/Merrill raised Buy rated Expedia's price target to $125 from $109 following the sale of its majority position in eLong for $671M. The firm said the sale will simplify Expedia's consolidated financials and highlights shareholder friendly actions by the company.
08:23 EDTEXPEExpedia price target to $120 from $105 at Raymond James
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08:12 EDTEXPEExpedia upgraded on improved outlook at JMP Securities
As noted earlier, JMP Securities upgraded Expedia to Outperform from Market Perform. The firm thinks the company is gaining share, building scale globally, streamlining itself, and making itself more profitable. The firm is upbeat on Expedia's technology platform that it launched a few years ago and thinks the company can benefit from an improved global travel market. Target $130.
06:08 EDTEXPEExpedia upgraded to Outperform from Market Perform at JMP Securities
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May 22, 2015
16:20 EDTEXPEOn The Fly: Top stock stories for Friday
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12:34 EDTEXPEOn The Fly: Top stock stories at midday
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10:19 EDTEXPEExpedia sale of eLong stake a positive for all parties, says Oppenheimer
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09:40 EDTEXPEExpedia opens at fresh life high, retraces, levels to watch
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09:34 EDTEXPEActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
09:25 EDTEXPEOn The Fly: Pre-market Movers
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05:29 EDTEXPECtrip.com acquires 37.6% stake in eLong from Expedia
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05:27 EDTEXPEeLong announces sale of Expedia stake
eLong (LONG) announced the sale by Expedia (EXPE) of its 62.4% ownership interest in the company held through its wholly owned subsidiary. Expedia informed eLong that, on May 22, all of the ordinary shares Expedia owned were sold at an average price of $14.63 per share to several purchasers based in China, including C-Travel International, a wholly owned subsidiary of Ctrip.com (CTRP), Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings Limited.
05:25 EDTEXPEExpedia sold 62.4% stake in eLong for about $671M
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May 19, 2015
17:29 EDTEXPEExpedia CFO clarifies guidance, says 70%-90% of EBITDA growth coming in 2H
During JPMorgan's Global Technology, Media and Telecom conference, Expedia CFO Mark Okerstrom stated, "I did want to just reiterate though and clarify some of the guidance that I gave on the [Q1 conference call]." Okerstrom went on to clarify that, excluding e-loan, the company expects the vast majority of its adjusted EBITDA dollar growth to come in the back half of the year. "Not sure if the message got through," elaborated Okerstrom, but for Expedia, vast majority means somewhere between 70%-90%.
09:58 EDTEXPEOn The Fly: Analyst Initiation Summary
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May 18, 2015
16:22 EDTEXPEExpedia initiated with a Buy at Guggenheim
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