SEATTLE (AP) — SEATTLE (AP) — Expedia Inc. (EXPE) on Thursday reported fourth-quarter net income of $299 million.
On a per-share basis, the Seattle-based company said it had profit of $2.20. Earnings, adjusted for one-time gains and costs, were $2.39 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The online travel company posted revenue of $3.18 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $3.08 billion.
For the year, the company reported profit of $1.23 billion, or $8.95 per share. Revenue was reported as $13.69 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at https://www.zacks.com/ap/EXPE
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