Categories AlphaGraphs, Earnings, Other Industries
EXPE Earnings: Expedia Q2 adj. profit jumps; revenue up 6%
Expedia Group (NASDAQ: EXPE) reported an increase in bookings and revenues for the second quarter of 2023. The travel company also posted double-digit growth in adjusted profit.
Gross bookings rose 5% from last year to $27.3 billion in the three months ended June 2023. As a result, there was a 6% increase in revenues to $3.36 billion.
Expedia swung to a net profit of $385 million or $2.54 per share in the second quarter, on a reported basis, compared to a loss of $185 million or $1.17 per share in the prior-year period. On an adjusted basis, earnings jumped 48% annually to $2.89 per share.
With the backdrop of continuing innovation in our B2C business, and our B2B business significantly outpacing the industry, we continued to repurchase our stock opportunistically and have purchased a record $1.2 billion year-to-date,” said Expedia’s CEO Peter Kern.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was