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.

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Source Fool.com