Expedia Group, Inc. (NASDAQ:EXPE) shares are trading higher on Tuesday. The stock has been trending higher since the company reported better-than-expected third-quarter financial results last week.
What To Know: On Nov. 2, Expedia Group reported its third-quarter earnings after the close of the market. The company posted earnings of $5.41 per share, beating the analyst consensus estimate of $4.93 per share. Revenue of $3.929 billion topped the consensus estimate of $3.857 billion.
Additionally, booked room nights increased 9% compared to the same period last year. The company also reiterated its fiscal year guidance of double-digit topline growth and announced a $5 billion share repurchase authorization.
Expedia stock has gained by over 25% in the days following the report, with shares up 8.5% on Tuesday. The stock also had its price raised by two analysts on Nov. 3. Wedbush analyst Scott Devitt maintained Expedia Group with a Neutral and raised the price target from $108 to $115 and Piper Sandler analyst Thomas Champion maintained the stock with a Overweight and raised the price target from $119 to $135.
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EXPE Price Action: Shares of EXPE were up 7.33% at $119.77 at the time of publication, according to Benzinga Pro.
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