01-May-2009 12:01 PM
Expedia shares spike on earnings results, BBA Aviation up strongly, Boeing loses ground – SHARE WRAP
Analysis
Expedia shares surged 28.5% on 29-Apr-09, after the company reported a better than expected net result of USD39.8 million, down 20.1% year-on-year. Revenue decreased 7.6% to USD635.7 million. The company continues to report weaker demand for both hotel and airline tickets, although it expects improvements in transaction and hotel-room-night volumes.
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