Expedia's First-Quarter Profits Sink Despite Strong Hotel Bookings

Expedia reported mixed first-quarter earnings today, following the announcement earlier this month that the online travel agency was going to spin-off TripAdvisor, its fastest growing division. In the first quarter, profits sank 12 percent to $52 million, or 19 cents a share, on revenues of $822 million, which increased 15 percent compared to the year-ago period. The Bellevue, Wash.-based company said higher revenues were attributable to a jump in hotel room bookings and strong growth from its advertising and media business, including TripAdvisor. The company’s stock is down 78 cents, or 3.2 percent in after-hours trading.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus