3 Must-See Quotes From Expedia's Earnings Call
Expedia (NASDAQ: EXPE) shares were climbing, up 11%, after its fourth-quarter earnings report as the company beat guidance on the bottom line and said it would grow adjusted profits by double digits in 2020.
Revenue at the online travel agency increased 7% to $2.75 billion, slightly below estimates at $2.76 billion, while adjusted earnings per share was flat at $1.24, which was ahead of expectations at $1.19.
The travel company, which is now being run by Chairman Barry Diller following the ouster of its CEO and CFO in December, said it would focus on cost-cutting in 2020 as Diller called the business "bloated." Management is eyeing $ -$500 million of run-rate costs savings across the business this year.
Source Fool.com
