Expedia Inc (EXPE.OQ)
Expedia Inc reported lower-than-expected quarterly revenue due to higher promotions for its member loyalty program and discounts to promote new hotel listings, sending the company's shares down more than 6 percent in extended trading.
July 28 Expedia Inc reported lower-than-expected quarterly revenue due to higher promotions for its member loyalty program and discounts to promote new hotel listings, sending the company's shares down more than 6 percent in extended trading.
* Says recognized $10 million in restructuring and related reorganization charges during the three months ended June 30, 2016
* On June 21, 2016, board expanded size of board from thirteen to fourteen members
June 21 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
* Paulson & Co Inc Dissolves Share Stake In Abbvie Inc - Sec filing
Expedia Inc, the world's largest online travel services company by bookings, posted a surprise quarterly profit as a string of acquisitions helped boost revenue.
* Recognized $30 million in restructuring, related reorganization charges, including stock-based compensation, in three months ended march 31, 2016
April 28 Expedia Inc reported a 38.6 percent jump in quarterly revenue, helped largely by a string of acquisitions.
Expedia Inc on Wednesday forecast a rise in 2016 earnings in part from recent acquisitions, pushing shares up even though the company warned that the Nov. 13 Paris attacks hurt travel demand and its fourth-quarter profit fell below analysts' estimates.
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