Feb 6 (Reuters) - Online travel platform Expedia reported fourth-quarter results on Thursday that beat Wall Street estimates on the back of strong international travel demand, sending the company's shares up about 10% in overnight trading.
Travel demand has been strong globally, especially in Asia, where cross-border travel in Southeast Asian countries has helped drive up prices for hotels and other travel services.
Expedia also approved the reinstatement of a quarterly cash dividend and declared a first-quarter dividend of 40 cents per share.
Leisure travel demand has also remained steady in Europe, with growth driven by both domestic and long-haul trips from wealthy American travelers.
The company has also been reaping benefits from integrating all its brands, including Vrbo and Hotels.com, onto a single unified platform called "One Key".
On an adjusted basis, Seattle-based Expedia earned $2.39 per share in the fourth quarter, compared with the average analyst estimate of $2.04, according to data compiled by LSEG.
Total revenue rose 10% to $3.18 billion, beating estimates of $3.07 billion.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。