Expedia Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Expedia Inc. (EXPE) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $386 million, or $2.80 per share. This compares with $385 million, or $2.54 per share, in last year's second quarter.

Excluding items, Expedia Inc. reported adjusted earnings of $469 million or $3.51 per share for the period.

Analysts on average had expected the company to earn $3.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.0% to $3.558 billion from $3.358 billion last year.

Expedia Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $386 Mln. vs. $385 Mln. last year. -EPS (Q2): $2.80 vs. $2.54 last year. -Revenue (Q2): $3.558 Bln vs. $3.358 Bln last year.