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Expedia Shares Drop On Lower Guidance, Analyst Downgrades: Details - Expedia Group (NASDAQ:EXPE)

Expedia reported quarterly losses of 21 cents per share which beat the analyst consensus estimate of losses of 24 cents by 12.5%. Quarterly sales came in at $2.89 billion, beating the analyst consensus estimate of $2.81 billion by 2.81% and representing a 8.41% increase over sales of $2.67 billion from the same period last year.

Expedia Faces Challenges: Analysts Concerned About Vrbo s Slow Start and B2C Growth - Expedia Group (NASDAQ:EXPE)

Benchmark analyst reiterated Buy rating and $180 price target for Expedia. Lowered guidance for slower growth and increased marketing spend.

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