Expedia stock rose 4% as tops profit estimates despite omicron disruption.
Expedia Group Inc. reported fourth-quarter profit that topped analysts’ estimates, benefiting from a holiday travel season that proved resilient despite the onset of the omicron Covid-19 variant.
The online travel company reported net income of $276 million in the three months ended Dec. 31, compared with a loss of $412 million in same quarter a year earlier, Expedia said in a statement on Thursday. Earnings per share, excluding certain costs, were $1.06 cents a share. Revenue more than doubled to $2.28 billion, while analysts were expecting $2.29 billion.
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