BELLEVUE, Wash. (AP) _ Expedia Inc. (EXPE) on Thursday reported a loss of $103 million in its first quarter.
The Bellevue, Washington-based company said it had a loss of 69 cents per share. Losses, adjusted for one-time gains and costs, came to 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
The online travel company posted revenue of $2.61 billion in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $2.69 billion.
Expedia shares have risen 14% since the beginning of the year, while the Standard & Poor's 500 index has increased 16%. In the final minutes of trading on Thursday, shares hit $128.23, a climb of 12% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPE at https://www.zacks.com/ap/EXPE