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Why Expedia Group Shares Jumped 15% on Friday

TheMotleyFool

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Why Expedia Group Shares Jumped 15% on FridayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Travel stock Expedia Group (NASDAQ: EXPE) jumped by as much as 16.9% in trading on Friday after reporting third-quarter 2021 financial results. Shares closed the day up 15%.

Revenue was up 97% to $2.96 billion on the back of a 117% increase in gross bookings. A net loss of $221 million in the prior-year period swung to net income of $362 million, or $2.26 per share, this time around. Analysts were expecting revenue of $2.73 billion and earnings of $1.65 per share, so results easily topped estimates.

Image source: Getty Images.

Source Fool.com

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