Expedia Group Q1 EPS $(0.21) Beats $(0.24) Estimate, Sales $2.89B Beat $2.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
Expedia Group (NASDAQ:EXPE) reported Q1 earnings with losses of $(0.21) per share, surpassing the $(0.24) estimate, and sales of $2.89B, exceeding the $2.81B estimate. This represents a 5% decrease in losses per share compared to last year, but an 8.41% increase in sales from the same period.
May 02, 2024 | 8:03 pm
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Expedia Group reported better-than-expected Q1 earnings, with a smaller loss per share and higher sales than analysts anticipated.
Expedia's earnings report showing a smaller-than-expected loss per share and higher sales than forecasted is likely to be viewed positively by investors. The improvement in sales, despite a slight increase in losses compared to last year, indicates growth and could lead to a positive short-term impact on the stock price.
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