TripAdvisor reported lower earnings in line with estimates while revenue jumped, but shares fell late Tuesday as the travel website replaced its auditor. Fourth-quarter earnings fell 28% vs. a year earlier to 21 cents a share minus items, meeting estimates. That followed Q3’s 2% EPS drop as the user review travel site adopts a new business model. But revenue rose 26% to $212.2 million. Analysts predicted $205.4 million. Auditor
It’s likely the biggest virtual real estate expansion this year that you’ve never heard of — a massive growth of the Internet that, like the land rushes of yesteryear, will have winners, losers and possibly unintended consequences. The generic top-level domain (gTLD), the last portion of an Internet address, such as .com, .org, .edu or .gov, will be dramatically expanded. Companies already have lined up to haggle, bargain and — if
Expedia (EXPE) rocketed late Thursday after the online travel agency issued fourth-quarter earnings and revenue that beat analyst forecasts on strong hotel room night growth. Bellevue, Wash.-based Expedia earned 92 cents a share excluding options expenses, amortization and other items, up 46% from 63 cents a year earlier. That was 6 cents above the average estimate of 29 analysts polled by Thomson Reuters. Revenue rose 18% to