Expedia Inc. Q1 Loss Increases, misses estimates

(RTTNews) - Expedia Inc. (EXPE) announced Loss for its first quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line totaled -$145 million, or -$0.95 per share. This compares with -$122 million, or -$0.78 per share, in last year's first quarter.

Excluding items, Expedia Inc. reported adjusted earnings of -$30 million or -$0.20 per share for the period.

Analysts on average had expected the company to earn -$0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.7% to $2.67 billion from $2.25 billion last year.

Expedia Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$145 Mln. vs. -$122 Mln. last year. -EPS (Q1): -$0.95 vs. -$0.78 last year. -Analyst Estimate: -$0.04 -Revenue (Q1): $2.67 Bln vs. $2.25 Bln last year.