Expedia is undergoing a ‘painful but necessary transition’ (EXPE)
|02/09/2018||Posted by BusinessMediaguide.Com under General World News||
- Shares of Expedia fell Friday morning following disappointing earnings results.
- The company has invested heavily in marketing and technology, leading one analyst to believe that it is making a “painful but necessary transition” in order to improve its profits.
- This was the first full quarter for CEO Mark Okerstrom.
- Watch Expedia’s stock move in real time here.
Though shares of Expedia are plummeting following a quarterly earnings report that missed expectations, the company is undergoing a “painful but necessary transition” to higher earnings growth, according to a Jefferies analyst.
Expedia’s stock fell 14.29% on Friday morning to $105.45 a share.
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