Expedia Inc on Thursday posted a fourth-quarter profit below analysts' expectations and over 30 percent lower than the same quarter a year ago, due in part to currency headwinds and heavy competition in China.The travel services company's shares slid more than 7 percent in extended trading.Expedia, which recently slipped behind The Priceline Group Inc to become the world's second largest travel services company by bookings, earned about $66.0 million last quarter, or 50 cents per diluted share.However, analysts had on average estimated the company would earn $1.01 per share in the quarter, according to Thomson Reuters I/B/E/S.
Expedia, Inc. is an online travel company. The Company's portfolio of travel brands featuring supply portfolio including more than 260,000 hotels in 200 countries, 400 airlines, packages, rental cars, cruises, as well as destination services and activities. Shares of EXPE traded higher by 0.15% or $0.13/share to $88.00. In the past year, the shares have traded as low as $63.61 and as high as $92.08. On average, 1753290 shares of EXPE exchange hands on a given day and today's volume is recorded at 3436732.
Priceline Group Inc., formerly Priceline.Com Incorporated, provides online travel company that connects consumers wishing to make travel reservations with providers of travel services around the world. Shares of PCLN traded higher by 1.59% or $16.3199/share to $1044.60. In the past year, the shares have traded as low as $990.69 and as high as $1378.96. On average, 756247 shares of PCLN exchange hands on a given day and today's volume is recorded at 660246.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.55% or $0.22/share to $40.05. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 750395 shares of TRI exchange hands on a given day and today's volume is recorded at 791809.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.54% or $-0.27/share to $49.74. In the past year, the shares have traded as low as $36.86 and as high as $50.28. On average, 727340 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 540500.
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