Expedia Inc. shares rallied in the extended session Thursday after the travel website posted a surprise profit for the quarter. Expedia shares surged 13% to $120.53 after hours. The company reported adjusted first-quarter earnings of 9 cents a share on revenue of $1.9 billion. Analysts surveyed by FactSet had forecast a loss of 5 cents a share on revenue of $1.84 billion.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News