Expedia Rises in Pre-Market Trading Despite First-Quarter Misses
Investors seem bullish about the prospects of online travel agency Expedia Group (NASDAQ: EXPE), even after the company posted first-quarter fiscal 2020 earnings that fell short of expectations.
The quarter saw the company endure a 15% year-over-year decline in revenue, to just under $2.21 billion. That was on the back of gross bookings that cratered by 39% to nearly $17.9 billion. The non-GAAP (adjusted) net loss deepened considerably, to $258 million ($1.83) from Q1 of fiscal 2019's $40 million.
Image source: Getty Images.
Source Fool.com
