Expedia Inc. Reveals 47% Fall In Q1 Profit

(RTTNews) - Expedia Inc. (EXPE) reported earnings for first quarter that lost ground from last year.

The company said its earnings declined to $7.2 million, or $0.05 per share. This was down from $13.5 million, or $0.09 per share, in last year's first quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.3% to $2.19 million. This was up from $1.90 million last year.

Expedia Inc. earnings at a glance:

-Earnings (Q1): $7.2 Mln. vs. $13.5 Mln. last year. -Earnings Decline (Y-o-Y): -46.7% -EPS (Q1): $0.05 vs. $0.09 last year. -EPS Decline (Y-o-Y): -44.4% -Analysts Estimate: $0.07 -Revenue (Q1): $2.19 Mln vs. $1.90 Mln last year. -Revenue Change (Y-o-Y): 15.3%