Headline earnings report after hour prints how to steal the price based on the knee jerk reactions on limit orders to buy down there at 118.75 thousands of shares with our Traders
Expedia misses by $0.20, beats on revs (123.25 +0.41)
• Reports Q4 (Dec) earnings of $1.17 per share, excluding non-recurring items, $0.20 worse than the Capital IQ Consensus of $1.37; revenues rose 23.2% year/year to $2.09 bln vs the $2.07 bln Capital IQ Consensus.
Gross bookings increased $1.2 billion or 8% year-over-year to $16.1 billion in the fourth quarter of 2016. Revenue increased 23% year-over-year to $2.1 billion in the fourth quarter.
Room nights stayed increased 15% year-over-year in the fourth quarter of 2016, with growth of 16% excluding Orbitz Worldwide.
On a standalone basis, trivago reached $183 million in revenue in the fourth quarter of 2016, an increase of 65% year-over-year, and completed its initial public offering and listing on the Nasdaq Global Select Market in December 2016.
HomeAway delivered $166 million of revenue in the fourth quarter of 2016, representing an increase of 30% year-over-year on a standalone basis.
• Peers: PCLN, TRIP