Expedia Forecast Misses Estimates

Expedia shares fell nine percent after issuing a fourth quarter revenue forecast below Wall Street estimates. The weaker outlook overshadowed strong third quarter results driven by steady travel demand.

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FILE PHOTO: Passengers walk at John F. Kennedy International Airport in Queens, New York City, U.S., December 26, 2021. REUTERS/Jeenah Moon/File Photo

Expedia Group forecast fourth-quarter revenue below Wall Street estimates, sending its shares down 9% in extended trading on Wednesday evening.