BUZZ-Expedia Group rises after fourth-quarter results beat

Reuters
02-07
BUZZ-<a href="https://laohu8.com/S/EXPE">Expedia</a> Group rises after fourth-quarter results beat

** Online travel platform Expedia Group's shares EXPE.O rise ~10% to $189.79 premarket

** On Thursday, EXPE beat quarterly profit and revenue estimates on the back of strong international travel demand

** Q4 adj profit of $2.39 per share came above analysts' estimate of $2.04, according to data compiled by LSEG

** Q4 revenue of $3.18 bln beat estimates of $3.07 bln

** Analysts at J.P. Morgan say EXPE exiting 2024 on a "high note"

** Brokerage says look for "signs of sustained improvement in (EXPE) execution" in 2025 as "online travel is very competitive and growth rates can be volatile"

** " ... healthy travel demand bodes well for Booking Holdings BKNG.O and Airbnb ABNB.O reporting later this month" - JPM

** Six brokerages rate EXPE "strong buy", six "buy" and 25 "hold"; their median PT is $190.46 - LSEG

** As of last close, stock had fallen 7.4% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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