Tuesday, 08 May 2007

Expedia shares tumble after earnings miss forecast

(Reuters) - Excluding one-time items, Expedia earned 18 cents per share. On that basis, analysts' average forecast was 20 cents per share, according to Reuters Estimates.

Shares, which rose 10.5 percent in the first quarter, were down 6.69 percent at $23.15 on Nasdaq in early trade.


Read more at Reuters.com Business News

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