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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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February 26, 2015
10:00 EDTEXPEOn The Fly: Analyst Initiation Summary
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February 25, 2015
18:24 EDTEXPEOn The Fly: After Hours Movers
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16:10 EDTEXPEExpedia initiated with an Underweight at Morgan Stanley
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February 20, 2015
07:40 EDTEXPEExpedia price target raised to $102 from $91 at UBS
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05:18 EDTEXPEStocks with implied volatility below IV index mean; EXPE TRIP
Stocks with implied volatility below IV index mean; Expedia (EXPE) 28, TripAdvisor (TRIP) 33 according to iVolatility.
February 19, 2015
07:17 EDTEXPEMaxim to hold a bus tour
Internet/Tech Bus Tour travels throughout Seattle, Washington to various with various industry companies on February 19.
05:34 EDTEXPEStocks with implied volatility below IV index mean; EXPE BBRY
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February 17, 2015
05:23 EDTEXPEExpedia increases stake in AirAsia-Expedia JV for $86.3M
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February 15, 2015
16:04 EDTEXPEAirline trade group expresses concern on Orbitz, Expedia deal, Reuters says
The trade group Airlines for America expressed its concern for the tentative merger of Expedia (EXPE) and Orbitz Worldwide (OWW) saying it could do harm to the travel business but hinted that it would not actively lobby against the deal, says Reuters. Reference Link

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