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Tag: Expedia

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Qualcomm, Alibaba, Aphira, Expedia Surged After Quarterly Results

The quarter ended with the rebound in travel spending, with Expedia was up +4.8 percent on Thursday beating consensus. Revenue fall 58% year-on-year to $1.5 billion, but the Seattle-based online tour operator is doing better than consensus, which stood at $1.39 billion. Gross bookings rose 68 percent to 8.6 billion dollars. The group, which withdrew its annual guidance in March as a result of the pandemic, announced an adjusted EBITDA of $304 million in the quarter, down 67%, with an adjusted per share loss of 22 cents. The consensus was a loss per share of 84 cents. Aphria (+10.8 percent)