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Expedia 4Q profit plunges 90 percent on charges

Published on NewsOK Modified: February 5, 2013 at 4:27 pm •  Published: February 5, 2013
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Expedia said that without the tax issue and other one-items, it would have earned 63 cents per share. Analysts surveyed by FactSet were expecting 65 cents per share.

Revenue rose to $974.9 million from $787.1 million, easily beating the $933.1 million forecast of analysts.

Expedia sold 12 percent more airline tickets than a year before, with the average fare 2 percent higher than a year earlier.

Bellevue-based Expedia operates several travel websites including Expedia.com, Hotels.com and Hotwire.

Expedia's shares rose $2.34, or 3.6 percent, to $67.50 in regular trading, and were up another $2.92, or 4.3 percent, to $70.42, in extended trading after the report.