Expedia profits slip due to higher taxes

first_img Show Comments ▼ whatsapp KCS-content Thursday 10 February 2011 8:39 pm Expedia profits slip due to higher taxes by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img Share ONLINE travel agency Expedia said yesterday its quarterly profit slipped 30 per cent due to a higher tax rate and increased interest expense.The largest online travel agency said fourth-quarter net income amounted to $71.3m (£44.3m), or 25 cents per share, compared with $102.2m, or 35 cents per share, a year ago.Excluding one-time items, Expedia said it earned 32 cents per share, compared with analysts’ average estimate of 36 cents per share.The total value of Expedia’s bookings rose 14 per cent in the quarter from a year ago to $5.75bn. The company posted revenue of $808.4m, compared with forecasts for $801.3m. Revenue was $697.5m in the same period a year ago.Expedia’s operating margin narrowed to 18.5 per cent from 20.2 per cent. Gross bookings climbed 14 per cent, while transactions rose 13 per cent. Worldwide hotel revenue climbed 15 per cent, with nights stayed rising. Air revenue also increased 15 per cent.Shares of Expedia fell 5.3 per cent to $24.33 following the release of its earnings from their $25.69 close in regular trading on Nasdaq. Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapplast_img read more