close
ASIAN (B)

Expedia Shares Slide as Costs Weigh on Bottom Line

no thumb



Shares in Expedia Inc. plunged more than 18% in extended trading Thursday after the travel company reported earnings were hurt by increased spending.

Rising costs in the fourth quarter outpaced sales growth, and the company forecast even more spending ahead as it focuses on cloud infrastructure and marketing investments. The travel booking company operates Expedia.com, Hotels.com and Orbitz.com among other websites.

On…



Source link

The author

Leave a Response