Expedia Q3 Adj. Profit Tops Estimate - Quick Facts

(RTTNews) - Expedia, Inc. (EXPE) reported a third-quarter net income attributable to the company of $170.9 million, down from $171.5 million in the year-ago period. Earnings for the latest third quarter rose to $1.22 per share from $1.20 per share in the comparable quarter last year.

Excluding items, adjusted net income for the third quarter was $200.9 million or $1.43 per share, compared to $188.0 million or $1.32 per share in the prior year quarter. On average, 26 analysts polled by Thomson Reuters expected the company to earn $1.35 per share. Analysts' estimates typically exclude special items.

Revenue for the third quarter rose 17% to $1.40 billion from $1.20 billion a year ago, while 23 analysts had consensus revenue estimate of $1.37 billion for the quarter.

In addition, on October 28, 2013, the Executive Committee of Expedia's Board of Directors declared a cash dividend of $0.15 per share of outstanding common stock to be paid to stockholders of record as of the close of business on November 21, 2013, with a payment date of December 12, 2013.