Expedia, an online travel agency, reported earnings and revenue Thursday that missed market expectations.
The company posted second-quarter adjusted earnings excluding items of 64 cents per share, down from 89 cents a share in the year-earlier period.
Revenue increased to $1.21 billion from $1.04 billion a year earlier.
Analysts had expected Expedia to report earnings excluding items of 79 cents a share on $1.26 billion in revenue, according to a consensus estimate from Thomson Reuters.