Last $85.90 USD
Change Today -0.50 / -0.58%
Volume 887.1K
EXPE On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

expedia inc (EXPE) Key Developments

Expedia Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Declares Cash Dividend, Payable on September 17, 2014; Provides Earnings Guidance for the Full Year 2014

Expedia Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,494,632,000 compared to $1,205,017,000 a year ago. Operating income was $129,220,000 compared to $94,286,000 a year ago. Income before income taxes was $106,605,000 compared to $87,423,000 a year ago. Net income attributable to the company was $89,373,000 or $0.67 per diluted share compared to $71,500,000 or $0.51 per diluted share a year ago. Adjusted EBITDA was $259,256,000 compared to $191,702,000 a year ago. Adjusted net income was $137,649,000 or $1.03 per diluted share compared to $90,467,000 or $0.64 per diluted share a year ago. Free cash flow was $411,040,000 compared to $247,835,000 a year ago. For the six months period, the company reported revenue of $2,695,003,000 compared to $2,217,384,000 a year ago. Operating income was $126,222,000 compared to operating loss of $11,342,000 a year ago. Income before income taxes was $87,120,000 compared to loss before income taxes of $31,848,000 a year ago. Net income attributable to the company was $75,069,000 or $0.56 per diluted share compared to net loss attributable to the company of $32,726,000 or $0.24 per basic and diluted share a year ago. Net cash provided by operating activities was $1,464,942,000 compared to $1,199,608,000 a year ago. Capital expenditures, including internal-use software and website development were $157,213,000 compared to $157,840,000 a year ago. Adjusted EBITDA was $159,116,000 compared to $296,830,000 a year ago. Adjusted net income was $137,649,000 or $1.18 per diluted share compared to $125,741,000 or $0.89 per diluted share a year ago. Free cash flow was $1,307,729,000 compared to $1,041,768,000 a year ago. The company's Board of Directors declared a cash dividend of $0.18 per share of outstanding common stock to be paid to stockholders of record as of the close of business on August 27, 2014, with a payment date of September 17, 2014. The company now expects full year 2014 adjusted EBITDA to grow in the range of 16% to 19%.

Momondo Explores Sale

Momondo Group Limited is exploring a sale of the business after receiving buyout approaches from several parties. Momondo has hired advisors at Arma Partners LP to look at strategic options for the business. A deal could value Momondo at around £150 million. It is thought that around six offers have been made by private equity firms and trade buyers, believed to include Expedia Inc. (NasdaqGS:EXPE) and Sabre Corporation (NasdaqGS:SABR).

Expedia Inc. to Report Q2, 2014 Results on Jul 31, 2014

Expedia Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 31, 2014

Emerson Poynter LLP Files Lawsuit Against Expedia Inc

Emerson Poynter LLP announced that it filed, on July 11, 2014, a class action lawsuit against Expedia Inc. on behalf of consumers who purchased online airfares from the company on the company website and/or the company App and who were charged a higher baggage fee than the company represented at the time of the online purchase and/or were denied all or part of a 5% discount on online purchases using the company App.

Expedia Denies Selling Stake In eLong

Expedia Inc. (NasdaqGS:EXPE) has denied rumors of it selling its stake in eLong Inc. (NasdaqGS:LONG). Expedia Inc. called certain rumors reported in Chinese media about the company's majority ownership of eLong inaccurate. Expedia said that it remains a long-term investor in eLong and supports eLong's drive to become the leading Chinese travel site. Expedia added that as a matter of corporate policy, it doesn't comment on market rumors relating to its business.

 

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EXPE

Industry Average

Valuation EXPE Industry Range
Price/Earnings 35.0x
Price/Sales 2.1x
Price/Book 5.8x
Price/Cash Flow 26.3x
TEV/Sales 1.3x
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