Thursday, February 11, 2010

Expedia Q4 earnings jump, will begin paying dividends

Expedia Inc. reported fourth-quarter net income rose to $102.2 million, or 35 cents per diluted share. The Bellevue online travel company also said it will begin paying a quarterly dividend to shareholders.

The quarterly results compare with the horrific results from a year earlier, when Expedia (NASDAQ: EXPE) took an accounting charge and reported a loss of $2.8 billion, or a loss of $9.62 per share.

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