Expedia Group beats by $0.12, beats on revs; Authorizes additional repurchase of 15 mln shares of common stock
- Reports Q1 (Mar) loss of $0.36 per share, $0.12 better than the Capital IQ Consensus of ($0.48); revenues rose 14.6% year/year to $2.51 bln vs the $2.44 bln Capital IQ Consensus.
- Gross bookings, including HomeAway, increased $3.6 billion or 15% year-over-year to $27.2 billion.
- As of April 24, 2018, Expedia Group repurchased 2.5 million shares for $268 million year-to-date. The Executive Committee, acting on behalf of the Board of Directors, authorized additional repurchases of up to 15 million shares of common stock.
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