Categories AlphaGraphs, Earnings, Leisure & Entertainment
Expedia (EXPE) posts wider-than-expected loss in Q1
Online travel agency Expedia Group Inc. (NASDAQ: EXPE) reported its financial results for the quarter ended March 31, 2020, on Wednesday after the market closes. The bottom line was wider than the analysts’ expectations while the top-line missed consensus estimates.
Expedia posted a wider loss in the first quarter of 2020 due to the impact of the COVID-19 pandemic. For the quarter, total gross bookings fell by 39% as the spread of the virus became a global pandemic during March. Revenue grew in January and February before declining significantly year-over-year in March.
Like all travel companies, Expedia suffered a major reduction in business since the onset of COVID-19. However, the company was ahead of the game having implemented cost-savings measures earlier this year, and with the added pressure from the pandemic, the company accelerated and expanded its ambition on improving its long-term cost structure.
Past Performance
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased