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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, 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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November 20, 2015
07:10 EDTEXPEExpedia outlook has improved, says Oppenheimer
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November 19, 2015
13:24 EDTEXPEExpedia CEO says shut out of TripAdvisor Instant Booking for now, Skift says
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November 17, 2015
12:11 EDTEXPEExpedia management to meet with Guggenheim
Meeting to be held in FT. Lauderdale on November 18 hosted by Guggenheim.
06:57 EDTEXPEExpedia enters strategic technology partnership with SilverRail Technologies
SilverRail Technologies and Expedia announced a strategic technology partnership to power Expedia's global expansion in the rail business. SilverRail's global rail ticketing platform simplifies the process of accessing multiple rail companies through a standard interface. This will enable Expedia to deliver a simple, consistent search and booking experience to which their customers have become accustomed. Development has already begun, with platform launch expected in 2016.
November 16, 2015
10:07 EDTEXPEExpedia shares defended at Cowen
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09:37 EDTEXPEActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
November 12, 2015
08:11 EDTEXPEExpedia outlook has improved, says Cantor
After meeting with Expedia's management, Cantor says it's more upbeat on the company's growth prospects, profitability and competitive positioning than previously. The firm is more bullish than ever on Expedia's opportunity to benefit from the HomeAway deal. Cantor reiterates a $150 price target and Buy rating on Expedia.
07:07 EDTEXPELiberty Interactive to spin off CommerceHub and Liberty Expedia Holdings
Liberty Interactive (QVCA, QVCB, LVNTA, LVNTB) announced that its board has authorized management to pursue the spin-offs of two newly formed companies to be called CommerceHub and Liberty Expedia Holdings to holders of its Liberty Ventures Group stock. CommerceHub, Inc. would be comprised of the CommerceHub business. Frank Poore, the founder of CommerceHub, will continue in his role as CEO. In the spin-off of CommerceHub, Inc., record holders of Series A and Series B Liberty Ventures common stock would receive shares of the corresponding series of CommerceHub, Inc. common stock for each share of Liberty Ventures common stock held. Expedia Holdings would be comprised of, among other things, Liberty Interactive's entire ownership interest in Expedia (EXPE), as well as Liberty Interactive's subsidiary, LLC. In the spin-off of Expedia Holdings, record holders of Series A and Series B Liberty Ventures common stock would receive shares of the corresponding series of Expedia Holdings common stock for each share of the Liberty Ventures Group common stock held. Liberty Interactive expects that the Expedia Holdings Series A and Series B common stock will trade under the symbols LEXEA/B, respectively, and that the CommerceHub, Inc. Series A and Series B common stock will trade under the symbols CHUBA/B, respectively, in each case, on the Nasdaq Stock Market. The applicable record dates, distribution dates and distribution ratios for the Spin-Offs will be announced at a later date. Each of the Spin-Offs is intended to be tax-free to stockholders of Liberty Ventures and will be subject to various conditions including the receipt of an opinion of tax counsel. Subject to the satisfaction of the applicable conditions, the completion of each of the Spin-Offs is expected to occur in the first half of 2016.

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