Category Archives: oud

Exxon Mobil Corporation: S&P Downgrade Highlights HUGE Problem for XOM Stock Holders

InvestorPlaceInvestorPlace Stock Market News, Stock Advice & Trading Tips Given the “lower for longer” price environment for crude oil, many investors in the oil patch have moved from smaller shale producers to the larger integrated majors. And you can’t

Expedia Rockets On Q1 Beat, Pulling No. 1 Rival Priceline Up

Expedia ( EXPE ) stock rocketed late Thursday after the No. 2 online travel firm topped Wall Street’s Q1 expectations on massive year-over-year boosts in room-night stays and gross bookings. In after-hours trading, Expedia stock was up more than 12%, rebounding from 0.7% decline in Thursday’s regular session, after No. 1 rival Priceline ( PCLN ), earlier in the day, announced its CEO had stepped down following an investigation into a relationship with an employee. Priceline stock closed down 2.7%, but buoyed somewhat late on Expedia’s coattails and was up 2% after hours. For Q1, Expedia reported $1.9 billion in sales, up 39% vs. the year-ago quarter, and 9 cents earnings per share minus items, swinging from a 3-cent per-share loss. Both metrics topped the consensus expectation of 28 analysts polled by Thomson Reuters for $1.8 billion and a 6-cent per-share loss. During Q1, room-night stays and gross bookings jumped by 42% and 32%, respectively, on a year-over-year basis, Expedia said. The company also completely migrated Orbitz.com and CheapTickets.com onto the Expedia platform. Expedia didn’t give Q2 guidance in its earnings release, but the consensus models $2.26 billion in sales and 98 cents EPS minus items, which would be up a respective 36% and 10% vs. the year-ago quarter.