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Expedia is undergoing a ‘painful but necessary transition’ (EXPE)





Expedia stock price

  • 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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Source:: BusinessInsider.Com

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