Expedia Tops Estimates

April 30, 2009 1:54 PM |

Expedia Inc. (Nasdaq: EXPE) reported lower first quarter earnings of 14 cents per share coompared with 17 cents per share a year earlier due to restructuring charges and lower revenue but the results beat expectations.  Shares of the online travel company leaped $3.02 to close at $13.61.

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