Reported 2 months ago
Expedia's shares surged over 10% in premarket trading after the online travel agency reported quarterly profits that exceeded expectations, despite cautioning about softer demand going forward. The company has benefited from an increase in international travel, but anticipates a slowdown due to high borrowing costs and inflation affecting consumer spending. With reduced booking guidance, analysts noted investor optimism over conservative outlooks despite concerns about weakened consumer spending.
Source: YAHOO