Expedia shares rallied Thursday after the travel website posted earnings and revenue that exceeded Wall Street expectations.
The company posted earnings of 16 cents a share, excluding one-time items, on sales of $1.2 billion, topping estimates for 15 cents a share on $1.18 billion in revenue, according to a consensus estimate from Thomson Reuters.
Shares rose in extended-hours trading. The stock spiked more than 4 percent during the regular session. (Click here to get the latest quotes for Expedia.)
Hotel revenue rose 12 percent as the number of room nights stayed increased 24 percent. Revenue from air tickets rose 28 percent. Hotels accounted for 66 percent of overall quarterly revenue compared with 11 percent for air tickets.