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Why Expedia Stock Surged Today

TheMotleyFool

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Shares of Expedia (NASDAQ: EXPE) climbed more than 17% on Friday after the online travel agency delivered strong third-quarter financial results and lifted its full-year sales forecast.

Image source: Getty Images.

Expedia's revenue rose 9% to $4.4 billion. The travel marketplace operator's total gross bookings jumped 12% to $30.7 billion, fueled by robust growth in booked room nights in international markets and a reacceleration of its U.S. business.

Source Fool.com