* Adjusted profit 16 cents a share vs estimate 15 cents
* Hotel, air revenue rose
(Adds estimates comparison, revenue details)
May 1 Online travel agency Expedia Inc
on Thursday posted a narrower quarterly loss, but its adjusted
quarterly profit topped expectations as it sold more hotel stays
and airline tickets.
The company, whose online brands include Hotels.com and
Hotwire, posted a loss of $14.3 million, or 11 cents a share, in
the first quarter, compared with a loss of $104.2 million, or 77
cents a share, a year earlier.
Adjusted for certain items, Expedia earned 16 cents a share
in the latest quarter, compared with the 15 cents a share
expected by analysts on average, according to Thomson Reuters
Quarterly revenue rose 19 percent to $1.2 billion, it said.
Hotel revenue rose 12 percent as the number of room nights
stayed increased 24 percent. Revenue from air tickets rose 28
percent. Hotels accounted for 66 percent of overall quarterly
revenue compared with 11 percent for air tickets.
Shares of Expedia rose to $74.46 in extended trading after
closing at $73.87 after the results were disclosed.
(Reporting by Karen Jacobs in Atlanta; editing by Steve
Orlofsky and G Crosse)