BUZZ-Expedia Group rises after fourth-quarter results beat
Online travel platform Expedia Group's shares EXPE.O rise ~10% to $189.79 premarket
On Thursday, EXPE beat quarterly profit and revenue estimates on the back of strong international travel demand
Q4 adj profit of $2.39 per share came above analysts' estimate of $2.04, according to data compiled by LSEG
Q4 revenue of $3.18 bln beat estimates of $3.07 bln
Analysts at J.P. Morgan say EXPE exiting 2024 on a "high note"
Brokerage says look for "signs of sustained improvement in (EXPE) execution" in 2025 as "online travel is very competitive and growth rates can be volatile"
" ... healthy travel demand bodes well for Booking Holdings BKNG.O and Airbnb ABNB.O reporting later this month" - JPM
Six brokerages rate EXPE "strong buy", six "buy" and 25 "hold"; their median PT is $190.46 - LSEG
As of last close, stock had fallen 7.4% YTD
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