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Friday 27-Apr-2012

Expedia turns in loss for the fiscal first-quarter

Reports stated that during the same period a year ago, the online travel bookings company earned $52 mn, or 37 cents a share, on $727.8 million in revenue

By  Traveltechie Bureau | Mumbai

Expedia Inc reported a fiscal first-quarter net loss of $3.3 mn, or 2 cents a share, on revenue of $816.5 mn, according to reports.

Reports stated that during the same period a year ago, the online travel bookings company earned $52 mn, or 37 cents a share, on $727.8 million in revenue.