Expedia Stock Trades Down On Q1 Revenue Miss: 'Weaker Than Expected Demand In The US'
1. Expedia reported Q1 revenue of $2.99 billion, missing estimates. 2. Earnings per share of 40 cents exceeded expectations of 29 cents. 3. Booked room nights rose 6% even with weakened US travel demand. 4. B2B and Advertising segments saw significant revenue growth of 14% and 20%. 5. Stock down 6.88% in after-hours trading, reflecting market reaction.