Expedia soars after earnings beat

  • Expedia shares soared as much as 8 percent during after-hours trading Thursday as the travel technology company beat expectations in earnings per share for the third quarter.
  • The company earned $3.65 a share, beating analysts' estimates of $3.12 a share.
  • Expedia acquired rental software company Pillow and online renting company ApartmentJet to expand accommodation options.
Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin.
Fabrizio Bensch | Retuers
Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin.

Expedia shares soared as much as 8 percent during after-hours trading Thursday as the travel technology company beat Wall Street expectations for its third-quarter earnings.

The company earned $3.65 a share, beating analysts' estimates of $3.12 a share. However, the company missed on revenue, reporting $3.28 billion while analysts predicted $3.3 billion.

Expedia had announced on Thursday that it acquired rental software company Pillow and online renting company ApartmentJet in an effort to expand accommodation options and compete with companies like Airbnb.