Expedia jumps as optimism over profit beat overrides demand warning

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Expedia jumps as optimism over profit beat overrides demand warning - Channel News Asia

Quick Summary:

Expedia shares jumped more than 8 per cent on Friday (Aug 9) as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warning of softer demand ahead.

Figurines are seen in front of the Expedia logo in this illustration taken on Feb 27, 2022.

"We think concerns around weak consumer spending could provide a tough backdrop for shares in the near term," Morningstar analyst Dan Wasiolek said in a note to clients.