By Yasin Ebrahim
Investing.com - Expedia (NASDAQ:EXPE) reported Thursday mixed second-quarter results as earnings missed, but revenue topped expectations continued softness in international travel, corporate travel, and high demand in smaller markets and lower-end accommodations weighed on results.
Expedia announced a loss per share of $1.13 on revenue of $2.11 billion. Analysts polled by Investing.com anticipated a per-share loss of 60 cents on revenue of $1.99 billion.
Looking ahead, the company warned of ongoing uncertainty amid rising infection brought on by the delta variant of the coronavirus.
While that strength has continued into Q3, recent Covid variant news around the world continues to create uncertainty in the travel industry,” said Vice Chairman and CEO, Peter Kern.
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