The Ratings Game: Expedia is ‘back in the groove’ as earnings beat triggers 9% rally in stock

Expedia Group Inc. shares rallied 9% Friday, after the online travel operator crushed earnings estimates for the second-quarter, and won some hard-earned praise from analysts.

Expedia EXPE, +8.31% posted net income of $1 million, or a penny a share, in the quarter, compared with $57 million, or 36 cents a share, in the year-ago period. Adjusted for one-time items, Expedia earned $1.38 a share in the quarter, and excluding Trivago, which it spun off in late 2016, earned $1.45 a share, well ahead of the FactSet consensus of 89 cents a share.

Revenue rose 11% to $2.88 billion, from $2.58 billion a year ago, matching the FactSet consensus.

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