Expedia 4Q profit plunges 90 percent on charges
Published: February 5, 2013
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In this Tuesday, Jan. 15, 2013, photo, Expedia analytics team workers Mike Brown, left, Saurin Pandya and Prashanti Tata chat in an alcove set up for employees in Bellevue, Wash. Soaring hotel bookings pushed revenue higher at Expedia Inc., but the online travel agency's fourth-quarter profit fell 90 percent because of money it set aside to appeal a tax dispute in Hawaii. (AP Photo/Elaine Thompson)
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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.
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