11-Feb-2011 2:47 PM

Expedia net result down 30% as costs bite

Analysis

Online travel booking and reservations company Expedia reported a net profit of USD71.3 million for the three months ended 31-Dec-2010, but the result was down 30% year-on-year, due to higher taxes and increasing sales and marketing costs. Shares in Expedia rose 1% in trading yesterday.

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Expedia net result down 30% as costs bite

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