EXPE - Expedia Group, Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
89.88
+0.74 (+0.83%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close89.14
Open89.77
Bid0.00 x 1000
Ask0.00 x 800
Day's range87.58 - 91.41
52-week range40.76 - 144.00
Volume3,662,661
Avg. volume5,221,892
Market cap12.672B
Beta (5Y monthly)1.01
PE ratio (TTM)26.91
EPS (TTM)3.34
Earnings date23 Jul 2020 - 27 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date09 Mar 2020
1y target est94.70
  • Why Expedia Group Stock Rose 12% in May
    Motley Fool

    Why Expedia Group Stock Rose 12% in May

    Expedia (NASDAQ: EXPE) shareholders outperformed a rallying stock market last month. The travel giant's stock rose 12% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. As a leading travel-booking site, Expedia was among the hardest hit when the COVID-19 pandemic sent airline and hotel traffic plummeting in March.

  • Why Expedia Group's Shares Jumped on Wednesday
    Motley Fool

    Why Expedia Group's Shares Jumped on Wednesday

    Shares of Expedia Group (NASDAQ: EXPE) jumped as much as 6.6% in trading Wednesday, as travel data appeared to be indicating a rise in consumer activity. The market is up today, with the S&P 500 rising 1.3% as of 3 p.m. EDT today, so travel stocks like Expedia are following the broad trend moving stocks higher. The Transportation Security Administration (TSA) said that the number of travelers going through checkpoints hit 353,261 on Monday, the most since March 22, and more than triple the volume of April's lows.

  • We'll All Be Renting a Local Airbnb This Summer
    Bloomberg

    We'll All Be Renting a Local Airbnb This Summer

    (Bloomberg Opinion) -- In Whitstable, a British seaside town just over an hour’s drive from London, every day of the last two weeks has been like a busy summer weekend. Britons may be unable or unwilling to take international flights, but with the first easing of lockdown restrictions, they are more than happy to head to the beach to bask in the sun and eat fish and chips from the only restaurants open for now.Optimism that people everywhere will be eager to wander once travel restrictions end drove a rebound in airline and tour-operator stocks this week. But these hopes may be overdone. Lingering health-safety concerns and uncertainty about which borders will open mean many consumers on both sides of the Atlantic will stick close to home this summer.What’s more, they may favor a remote Airbnb rental instead of staying in a hotel, with the increased chances of running into other people in the lobby, elevator or restaurant. Globally, new bookings at Airbnb Inc. and Expedia Group Inc.’s Vrbo more than doubled from 916,000 in the week of April 5 to 2.08 million in the week of May 18, according to AirDNA, a short-term rental data provider.While the home-sharing site Airbnb has been hit hard by the travel trough, it said domestic bookings rose strongly in China, Korea, the Netherlands and Denmark in April, and they’ve increased significantly in Germany since the beginning of May. More telling, Chief Executive Officer Brian Chesky told the Associated Press that 30% of bookings are currently within a 50-mile radius of people’s own homes —  basically the next town over — up from 13% before the novel coronavirus outbreak, a trend he attributes to people’s aversion to flying for now.Areas that tourists can drive to, and classic local vacation spots, such as the mountains, lakes and beaches, are proving resilient.Take Germany, a country known for exporting summer tourists. Short-term rentals in the North Sea coastal district of Nordfriesland, which includes the island of Sylt, enjoyed an almost 800% increase in bookings between March 22 and May 17, according to AirDNA. And it’s unlikely they’re coming from abroad — in general just 16% of visitors are from outside Germany. By contrast, Berlin, a popular destination for foreign visitors, has seen just a 71% increase.It’s a similar picture in the U.S, where rentals near beaches in Alabama, Texas, Georgia and the Carolinas are proving popular. By contrast, cities such as New York and San Francisco are recovering more slowly. In this Covid-19 crisis, home-rental sites tend to have an advantage. For example, the majority of Airbnb hosts are in less populated areas, while most hotel chains have a bigger presence in cities. Some of the lodging giants have also ventured into the holiday rental market. Four years ago, French hotel giant Accor SA acquired Onefinestay, an upmarket competitor to Airbnb. One potential drawback with private rentals during the pandemic is that guests have to trust hosts are cleaning and disinfecting well. Hotel groups including Accor, Marriott International Inc., Hilton Worldwide Holdings Inc. and InterContinental Hotels Group Plc have announced stringent hygiene standards.Airbnb has responded with its own guidelines developed with former U.S. Surgeon General Vivek Murthy, including advice on personal protective equipment and disinfectants. Hosts who sign up can leave their properties empty for just 24 hours between guests. Otherwise, they must respect a 72-hour “booking buffer.”For other people, getting away from home may mean taking their lodging with them. Provisional bookings at caravan and campsites in the U.K. look promising. In the U.S., there’s been a bump in demand for motor homes. Indeed, road trips may be one of the first holidays taken on both sides of the Atlantic.While all this pent-up demand is a good sign, it’s unlikely all the money usually spent on overseas travel will be recouped. Staycations aren’t really conducive to flagrant discretionary spending in normal times, but the coronavirus outbreak and lockdowns has brought job losses and economic hardship as well. That will eat into outlay. For a gauge of comparison, in 2017, the year after Britain voted to leave the European Union, the decline in the pound meant many people avoided international travel, but only 60% of what would have been spent abroad was redirected to the U.K., according to analysts at Bernstein.With this crisis, the effect could be even more extreme if shops have to restrict the number of patrons, local tourist attractions can’t open or people remain nervous about going to restaurants or bars even with all of the necessary social distancing measures in place.Indeed, although Whitstable Holiday Homes, an agency for 39 houses, is enjoying its usual high level of bookings for July and August, further out, customers are waiting. A crucial consideration will be whether the town’s vibrant eateries will be open alongside the fish-and-chip shops.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Travel Stocks Were Soaring Today
    Motley Fool

    Why Travel Stocks Were Soaring Today

    Travel stocks, including Expedia (NASDAQ: EXPE), Tripadvisor (NASDAQ: TRIP), Hyatt Hotels (NYSE: H), and Marriott International (NASDAQ: MAR), were climbing today on enthusiasm about a broader economic recovery and new entrants in the race toward a vaccine. At the same time, the S&P 500 was trading 1.7% higher.

  • Is Expedia Group, Inc. (NASDAQ:EXPE) Trading At A 26% Discount?
    Simply Wall St.

    Is Expedia Group, Inc. (NASDAQ:EXPE) Trading At A 26% Discount?

    Does the May share price for Expedia Group, Inc. (NASDAQ:EXPE) reflect what it's really worth? Today, we will estimate...

  • Company News for May 22, 2020
    Zacks

    Company News for May 22, 2020

    Companies In The News Are: MDT, BJ, SNPS, EXPE.

  • Why Expedia Stock Declined Today
    Motley Fool

    Why Expedia Stock Declined Today

    Shares of Expedia (NASDAQ: EXPE) have declined today, down by 1% as of 12:20 p.m. EDT, after the online travel booking company reported first-quarter results. Gross bookings fell 39% to $17.9 billion due to the novel coronavirus pandemic. "Like all travel companies, Expedia Group suffered a major reduction in business since the onset of COVID-19," CEO Peter Kern said in a statement.

  • Nasdaq Today: Ross Stores Stock Rises on Retail Rebound Hopes; Expedia Expects to Endure a Slow Spring
    Motley Fool

    Nasdaq Today: Ross Stores Stock Rises on Retail Rebound Hopes; Expedia Expects to Endure a Slow Spring

    Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down slightly more than broader-based indexes, with the Composite dropping almost 1% shortly after 11:45 a.m. EDT. The Nasdaq 100 Index was similarly down by nearly 1%. Among notable stocks in the Nasdaq 100, Ross Stores (NASDAQ: ROST) saw a nice gain as investors hoped that the discount apparel retailer would be able to follow in the footsteps of one of its closest industry peers.

  • Expedia Group (EXPE) Incurs Loss in Q1, Revenues Fall Y/Y
    Zacks

    Expedia Group (EXPE) Incurs Loss in Q1, Revenues Fall Y/Y

    Expedia Group's (EXPE) first-quarter 2020 results reflect headwinds related to the coronavirus pandemic.

  • Expedia Rises in Pre-Market Trading Despite First-Quarter Misses
    Motley Fool

    Expedia Rises in Pre-Market Trading Despite First-Quarter Misses

    The company is a poster child for businesses affected by the economic fallout of the coronavirus pandemic.

  • Expedia (EXPE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Expedia (EXPE) Q1 2020 Earnings Call Transcript

    EXPE earnings call for the period ending March 31, 2020.

  • Expedia Sees First Revenue Decline in Eight Years on Covid
    Bloomberg

    Expedia Sees First Revenue Decline in Eight Years on Covid

    (Bloomberg) -- Expedia Group Inc. followed its peers in the online travel industry in witnessing a staggering decline in business since the spread of the coronavirus, with total gross bookings down 39% in the first quarter.The Seattle-based company reported total gross bookings of $17.89 billion, including a decline of as much as 90% in the second half of March as the pandemic took hold. Revenue fell 15% to $2.21 billion, its first quarterly drop in eight years. The adjusted loss before interest, taxes, depreciation and amortization was $76 million, or 1.83 a share, compared with a loss of 27 cents a year earlier. Analysts had projected a loss of $1.45 a share on $2.11 billion in sales.Chief Executive Officer Peter Kern said Expedia has seen cancellations stabilize and growth return in May as parts of the world emerge from pandemic lockdowns and people start to think about their summer holidays. One of the businesses leading the improvement is Vrbo, the company’s vacation rental unit that competes directly with Airbnb Inc.“We’ve seen a higher bounce back from Vrbo,” Kern said in an interview, including an uptick in demand from travelers renting a house within driving distance of their own homes rather than flying or booking a hotel.In March, Expedia withdrew its full-year forecast as stay-at-home orders began to halt flights and travel around the world. The company had already been struggling, cutting 3,000 jobs in February to simplify what had become a “bloated organization,” as it faced increasing pressure from Google in advertising and nimble startups such as Airbnb. As part of the company revamp, Kern, then vice chairman, took over as CEO in April. At the same time, Expedia announced it was raising $3.2 billion as the impact of the coronavirus began to weigh on the industry. In addition, the company made a “significant reduction” in costs for marketing and discretionary expenses and deferred certain capital expenditures, it said in the earnings report.“We already had pretty ambitious goals about how we would simplify and strengthen the business,” Kern said. “This creates an energy and an ambition that is hard to get when you are just in regular old fine times.” The pandemic crisis could help Expedia “turbo charge“ through some difficult changes, he said.Expedia’s shares gained about 3.7% in extended trading in New York after closing at $79.58. The stock has dropped 26% this year compared with an 8% decline of the S&P 500.As the pandemic raged in March, Expedia saw “unprecedented” cancellation volume and moved to build self-service options for customers to cancel lodging and air bookings without speaking to an agent. As a result, cancellation inquiries for air travel managed without an agent increased to more than 95% in April from 65% in February.“If there was an industry on the front lines bearing the full impact of coronavirus, I would say it’s travel,” said Naved Khan, an analyst at Suntrust Robinson Humphrey Inc. “It is one of the sectors that has been hurt the most and is likely to lag during the recovery because until there is a vaccine people will limit their travel activities.”Airbnb and TripAdvisor Inc. cut a quarter of their workforces and Booking Holdings Inc. has been forced to apply for government aid.Kern acknowledged his appointment as CEO came at a “messy time,” but said it has also provided a rare opportunity for sweeping action. “A lot of friends and business acquaintances have been like, ‘Wow, you really stepped into it in a very tough time,’” he said. “Not a lot of fun is being had, but on the other hand I see this as a crystallizing moment of change for this company.”(Updates with comments from CEO beginning in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Expedia (EXPE) Reports Q1 Loss, Tops Revenue Estimates
    Zacks

    Expedia (EXPE) Reports Q1 Loss, Tops Revenue Estimates

    Expedia (EXPE) delivered earnings and revenue surprises of -47.58% and 4.26%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Nasdaq Today: Strong Quarter Lifts Baidu Stock; Expedia Gets a Downgrade
    Motley Fool

    Nasdaq Today: Strong Quarter Lifts Baidu Stock; Expedia Gets a Downgrade

    On a mixed day for the broader stock market, the tech stocks that make up a disproportionately large part of the Nasdaq fared better than most. As of just before noon EDT, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up more than half a percentage point, outperforming the breakeven performance from the S&P 500. The Nasdaq 100 Index saw similar gains of about 0.6%.

  • Why Booking Holdings, Expedia, and Sabre Corporation Stocks All Popped 10% (Or More) Today
    Motley Fool

    Why Booking Holdings, Expedia, and Sabre Corporation Stocks All Popped 10% (Or More) Today

    Stocks are hopping Monday, with shares of online travel agencies (OTA) holding company Booking Holdings (NASDAQ: BKNG) up a whopping 14% in noonday trading, and rival Expedia Group (NASDAQ: EXPE) doing even better -- up 16%. Sabre Corporation (NASDAQ: SABR), which operates a business-to-business...er, business...providing hotel, airline, and rental car inventory, pricing, and availability data to other OTA companies is performing best of all, up a staggering 19.5%!

  • Retail earnings, Fed Chair Powell testifies, FOMC minutes: What to know in the week ahead
    Yahoo Finance

    Retail earnings, Fed Chair Powell testifies, FOMC minutes: What to know in the week ahead

    A deluge of retail earnings and the Federal Reserve will be in focus in the week ahead.

  • Expedia (EXPE) to Report Q1 Earnings: What's in the Offing?
    Zacks

    Expedia (EXPE) to Report Q1 Earnings: What's in the Offing?

    Expedia Group's (EXPE) first-quarter results are likely to reflect COVID-19 related headwinds.

  • Bloomberg

    Uber’s CEO, a Seasoned Dealmaker, Pursues His Biggest One Yet

    (Bloomberg) -- In nearly three years at the helm of Uber Technologies Inc., Dara Khosrowshahi has focused mostly on cutting costs. Now he’s seeking a return to what defined his career before Uber: buying things.Uber is negotiating a potential acquisition of Grubhub Inc. as the coronavirus pandemic drives a surge in demand for food delivery, people familiar with the negotiations said. If a deal is reached, Grubhub, with a market value of $5.3 billion, would be the biggest Khosrowshahi has ever done.Khosrowshahi, 50, cultivated a reputation as an effective dealmaker when he ran Expedia Group Inc. for more than a decade. He completed 41 transactions there with a total value of $12.7 billion, according to data compiled by Bloomberg. His tenure at the online travel giant was defined by a strategy he picked up as a top lieutenant to IAC/InterActiveCorp’s billionaire chairman, Barry Diller: roll up competitors, integrate them and reap the rewards of scale.The plan for Grubhub follows the same playbook. The companies anticipate there would be major cost savings by eliminating jobs seen as duplicative, a person familiar with the negotiations said. This form of corporate efficiency—embraced by investors based on the market’s reaction to the news this week—sparked a swift rebuke from some officials in the U.S., one of whom described the proposed merger as “pandemic profiteering.” Through a spokesman, Khosrowshahi declined to be interviewed.In the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said. The companies are now discussing a deal valuing Grubhub stock at 1.9 Uber shares, the Wall Street Journal reported.Khosrowshahi first developed an admiration for Diller in the 1990s while working as an analyst at the investment bank Allen & Co. Diller, a client of the firm, had made a hostile bid for Paramount Pictures. “I thought to myself, ‘That’s the guy I want to work for,’” Khosrowshahi told Bloomberg Businessweek in 2017. He joined in the dot-com boom and worked his way up through Diller’s portfolio of companies, becoming chief executive officer of Expedia in 2005.Expedia had already purchased Hotwire and Hotels.com before Khosrowshahi took over, and he accelerated the strategy. “Them rolling up a category is not exactly new,” said Stuart MacDonald, who was Expedia’s chief marketing officer at the time and is now a travel industry consultant. “Dara turbocharged it.”Khosrowshahi tried to balance his acquisitiveness with a thriftiness around the office. His desk at Expedia sat in an open-plan office on the 18th floor of a skyscraper in Bellevue, Washinton, overlooking Seattle. He chose not to rent the top floor because he thought it was too expensive, said Mark Okerstrom, who sat beside Khosrowshahi for seven years and worked with him on a series of high-profile deals. “He’s not one of those leaders that presides from an ivory tower,” Okerstrom said.Khosrowshahi’s 12-year tenure at Expedia was defined by an escalating battle with Booking Holdings Inc. Each tried to outflank the other by buying upstart brands, splicing them into their tech ecosystems and squeezing out incremental profits. Revenue at Expedia grew to $10.1 billion, from $2.1 billion, and the company’s share price rose nearly sevenfold while Khosrowshahi was in charge.His time there culminated with two big deals, one after the other. In 2015, Expedia paid $1.6 billion for Orbitz, swallowing the only serious rival besides Booking to secure a hold of the U.S. market. The Justice Department investigated the antitrust implications for six months and approved the deal. Then, months later, Expedia bought HomeAway for $3.9 billion, helping mount a defense against the latest upstart roiling the industry, Airbnb Inc.Neither acquisition went smoothly at first. Revenue took a hit in 2016, due partly to network outages from attempts at merging Orbitz’s systems with Expedia’s and to HomeAway’s runaway spending. “There were a lot of questions at first,” said Okerstrom, who took over as Expedia CEO in 2017 before he was ousted last December after clashing with the board over growth prospects. In hindsight, both deals are seen as largely successful for helping Expedia keep the voracious growth of Booking in check. Despite HomeAway’s costs, it became a core source of growth for the company.When Khosrowshahi wants to get serious at the negotiating table, he has a tell. His hand goes behind his neck, his elbow slides across the desk, and he hones in on the subject with a calming timbre. “He leans into the numbers, he leans into the issues, and he leans into you,” said Rob Greyber, who worked with Khosrowshahi at Expedia for about seven years managing the company’s often-fraught relationship with airlines. “In a deal, when there can be a lot of emotion going on, he can snap out of all that, which is a great asset.”In 2017, Khosrowshahi was selected as the unlikely candidate to replace Uber’s co-founder, Travis Kalanick, as CEO. Uber, just eight years old at the time, was already a global behemoth with a valuation far exceeding that of Expedia. Khosrowshahi’s main tasks were to heal a corporate culture that many employees had described as toxic and bring operational discipline. For the latter, he got to work selling assets and cutting costs.Uber sold operations in Russia and Southeast Asia for stakes in local ride-hailing companies in 2018. He used the same technique last year to offload Uber’s food business in India to Zomato, eliminating the most costly delivery market for the company. The cuts continued last week with the closure of food delivery in seven countries and the dismissal of 3,700 employees worldwide.Khosrowshahi has made purchases at Uber, too. In 2018, he acquired Jump, then a tiny startup renting electric bicycles. “Negotiations were directly with him,” said Vivek Ladsariya, a general partner at SineWave Ventures, an investor in Jump. Khosrowshahi sold the Jump business last week to Lime as part of an investment in the scooter-rental startup. In the Middle East, Uber bought ride-hailing company Careem for $3.1 billion, a deal that closed this year. Then Uber said last week it was cutting 31% of Careem’s staff.Profit margins are slim in food delivery. Consolidation could help Uber reduce costs and turn a profit. But buying a company the size of Grubhub is a new kind of challenge for Khosrowshahi. “He’s not going to rush into anything,” said Woody Marshall, a venture capitalist who has known Khosrowshahi since they were teenagers.(Updates with Uber-Grubhub negotiations in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 3 High-Risk, High-Reward Stocks to Add to Your Watchlist
    Motley Fool

    3 High-Risk, High-Reward Stocks to Add to Your Watchlist

    While the overall stock market has bounced back surprisingly strongly from the outbreak of COVID-19 around the world, many stocks in hard-hit sectors remain far, far below their prior highs. Actually, many such stocks are down by 50% or more, whereas many technology companies that benefit from the stay-at-home economy have nearly fully recovered, or have even gone higher, shockingly, than before the outbreak hit. While none of the following three stocks are appropriate for the risk-off investor, each is very well-managed, and each has also recently gotten a boost of confidence from the capital markets, raising debt and equity to bridge them through 2020 at least.

  • Why Expedia Group, Sabre, and Marriott Stocks Fell Today
    Motley Fool

    Why Expedia Group, Sabre, and Marriott Stocks Fell Today

    Federal Reserve Chairman Jerome Powell warned that "recovery may take some time to gather momentum, and the passage of time can turn liquidity problems into solvency problems," and those remarks took their toll on investor confidence. As of 1:45 p.m. EDT today, shares of flight and hotel reservations services Sabre (NASDAQ: SABR) were down 9.6%, while Expedia Group (NASDAQ: EXPE) took a smaller, 3.7% hit. Hotel operator Marriott International (NASDAQ: MAR), meanwhile, was down 3.7%.

  • Earnings Preview: Expedia (EXPE) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Expedia (EXPE) Q1 Earnings Expected to Decline

    Expedia (EXPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Bloomberg

    Booking Holdings Bleak Results Seen as Benchmark for Rivals

    (Bloomberg) -- Booking Holdings Inc. reported a decline of more than 85% in room nights booked in April from a year earlier, a staggering drop that reflects the extent of economic devastation the coronavirus is wreaking on the travel industry.Chief Executive Officer Glenn Fogel also said that newly booked room nights, excluding cancellations, fell 60% year-over-year in March. “This gives you a clear indication of how much our business is currently impacted by this crisis,” he said during a conference call.Booking is the first of the online travel giants to report earnings this year and its results will be held up as benchmark for its smaller rivals trying to weather the crisis.The company said the number of room night reservations dropped 43% from a year earlier in the first quarter, while Wall Street had estimated a decline of 29%, according to data compiled by Bloomberg. Gross travel bookings, which reflect all travel services booked by customers, came in at $12.4 billion, a 51% decrease, Norwalk, Connecticut-based Booking said Thursday in a statement. Revenue fell 19% to $2.29 billion in the period, beating the $2.15 billion projected by analysts.The pandemic has kept much of the world at home the past two months, gutting the travel industry and sparking what is likely to be the worst economic slowdown in decades. Airbnb Inc. and TripAdvisor Inc. have cut a quarter of their workforces, Expedia Group Inc.’s credit rating has been downgraded and Booking has applied for government aid.“The travel industry is down 80% to 90% -- this is the first time that has ever happened in modern times,” said Kevin Kopelman, an analyst at Cowen & Co. who has covered Booking for almost a decade.Last month, Booking said the virus would impact the current quarter “much more significantly” than the first, according to a securities filing. The company declined Thursday to provide a full second-quarter forecast, but said the results in April should provide “a clear picture of recent top line trends.”However, Booking executives said they believe travel will bounce back, albeit slowly. “It will likely be years, not quarters, before we witness a full recovery of global travel demand,” Fogel said on the call. “We believe that either a vaccine or effective treatment is needed before people will feel fully comfortable traveling the way we did before the pandemic started.”The company faces “a tough road ahead,” Fogel said. “The impact of Covid-19 is unprecedented, but we know one day we will be on the other side and we are doing everything we can to ensure we are well positioned to navigate through these challenging times.”Booking’s stock declined about 1.5% in extended trading after closing at $1,443.91 in New York. The shares have fallen 31% this year, outperforming Expedia and TripAdvisor. The company, formerly known as Priceline, reported profit excluding some costs, of $3.77 a share in the first quarter, lower than the $5.38 analysts projected.In reporting its results as scheduled, Booking has indicated “the company is further down the path of understanding and addressing the ongoing pandemic” than its rivals, according to a note by Wedbush Securities analysts. Expedia, which typically reports earnings before Booking, has delayed delivering its results until May 20.(updates with comments from CEO in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Shares of Expedia Rose 26.1% in April
    Motley Fool

    Why Shares of Expedia Rose 26.1% in April

    Shares of Expedia (NASDAQ: EXPE) rose 26.1% during the month of April, according to data from S&P Global Market Intelligence. The online travel agency had been extremely hard hit in March, as travel bookings essentially tumbled to almost nothing amid the outbreak of coronavirus. Investors cheered the money raise, as most suspect it will get Expedia to the other side of the outbreak.

  • Why Travel Stocks Were Falling Today
    Motley Fool

    Why Travel Stocks Were Falling Today

    Industry stocks fell alongside the broader market on fears that the effects of the pandemic will last longer than hoped.