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Stock Market & Financial Investment News

News Breaks
July 31, 2014
14:16 EDTEXPEEarnings Preview: Analysts expects strong Q2 results for Expedia
Expedia (EXPE) is expected to report second quarter earnings after the market close on Thursday, July 31 with a conference call scheduled for 4:30 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 earnings per share of 76c on revenue of $1.44B. The consensus range is 57c-95c for EPS and $1.34B-$1.52B for revenue, according to First Call. LAST QUARTER: Expedia reported first quarter adjusted EPS of 16c against estimates of 15c on revenue of $1.2B against estimates of $1.14B. Reports Q1 room nights grew 24% and Q1 domestic room night growth of 20%. It also reported Q1 gross bookings increased 29%, primarily driven by air ticket and room night growth. Domestic gross bookings increased 35% and international gross bookings increased 21%. STREET RESEARCH AND NEWS: In the past quarter, the company agreed to acquire Wotif Group and Auto Escape Group, while also signing strategic agreements with Sabre and Sixt. Oppenheimer said Expedia's acquisition of Wotif is positive and should allow the company to expand in the Asia Pacific region. Piper Jaffray said travel industry data indicates material improvement in the U.S. and points towards a strong Q2. Cantor agreed, expecting Expedia to beat expectations due to relative strength in U.S. paid search, robust growth at Hotels.com, and improving European room rates. FBR Capitals says channel checks on Expedia indicate positive upside in Q2, with bookings growth of 30%-35%. PRICE ACTION: Expedia shares have gained around 6.9% since the first day of trading following the company's Q1 report. In Thursday midday trading ahead of its Q2 report, Expedia shares are trading down almost 3%.
News For EXPE From The Last 14 Days
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December 17, 2014
06:44 EDTEXPEGoogle opponents lobbying state attorneys general, NY Times says
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December 14, 2014
17:21 EDTEXPENasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 9, 2014
08:47 EDTEXPEExpedia management to meet with JMP Securities
Meeting to be held in Baltimore on December 11 hosted by JMP Securities.
December 8, 2014
09:10 EDTEXPEEgencia and iJET strengthens global partnership
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