02-May-2011 4:26 PM

Expedia net profit down 12%

Analysis

Expedia has reported a 15% increase in revenue for the three months to 31-Mar-2011 to USD822.2 million, but operating income and net income decreased due to increased expenses related to investments in technology and international expansion. Expedia shares traded 1.4% higher on Friday.

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Expedia net profit down 12%

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