Expedia Revenue Misses Views On Weaker-Than-Expected U.S. Demand
Expedia EXPE 1.46%increase; green up pointing triangle Group posted higher sales in the first-quarter, which came in below Wall Street expectations as results were hurt by what Chief Executive Ariane Gorin said was weaker-than-expected demand in the U.S.
The Seattle online travel agency on Thursday posted a loss of $200 million, or $1.56 a share, in the recent quarter, compared with a loss of $135 million, or 99 cents a share, a year earlier.
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