Expedia third-quarter profit beats estimates, sees Orbitz deal boost

October 29, 2015 creative 276-million, angeles, average, beat-analysts, franchise, its-takeover, percent-rise, princess, said-it-now, the-videogame

Expedia Inc on Thursday posted a rise in third-quarter profit that beat analysts’ estimates and said it now expects its takeover of Orbitz Worldwide Inc to yield greater benefits than previously anticipated. On an adjusted basis, it earned $276 million, or $2.07 per share, compared to the average analyst estimate of $265 million, or $2.02 per share, according to Thomson Reuters I/B/E/S. The stock surged 7.6 percent in after-market trade

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Expedia third-quarter profit beats estimates, sees Orbitz deal boost