BELLEVUE — Expedia Inc. on Thursday reported a loss of $103 million in its first quarter.
The Bellevue-based company said it had a loss of 69 cents per share. Losses, adjusted for one-time gains and costs, came to 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
The online travel company posted revenue of $2.61 billion in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $2.69 billion.
Expedia shares have risen 14 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 16 percent.
