Expedia withdraws full-year forecast amid coronavirus spread [Business News Network (BNN) Energy & Resources (Canada)]
Expedia Group, Inc. (EXPE)
Last expedia group, inc. earnings: 2/13 04:01 pm
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Source: Business News Network
Expedia withdraws full-year forecast amid coronavirus spread Expedia Group Inc. withdrew its full-year earnings forecast and updated first-quarter guidance amid a worsening impact from the coronavirus pandemic that’s gutting the global travel sector. The Seattle-based company said the spread of the coronavirus would negatively impact first-quarter adjusted earnings before interest, tax, depreciation and amortization “in excess” of the $30 million to $40 million it predicted in mid-February. “As Covid-19 has rapidly spread from Asia to Europe and North America over the past few weeks, travel trends have continued to worsen,” Chairman Barry Diller and Vice Chairman Peter Kern said in a statement Friday. It remains difficult to predict how long this pandemic will persist, and given the lack of visibility on our trends we’ve decided to withdraw our 2020 guidance.” The travel sector has been among the hardest hit in the outbreak. On Monday Expedia’s rival, Booking Holdings Inc., also withd
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EXPE
News
- Expedia Stock Gains After Analyst Upgrade Sees Improving U.S. Travel Trends [Yahoo! Finance]Yahoo! Finance
- Expedia Group appoints Scott Schenkel as new finance chief [Seeking Alpha]Seeking Alpha
- Expedia Group Names Scott Schenkel as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Expedia Group Names Scott Schenkel as Chief Financial OfficerBusiness Wire
- Expedia Group, Inc. (NASDAQ: EXPE) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $221.00 price target on the stock, up previously from $187.00.MarketBeat
EXPE
Earnings
- 11/7/24 - Beat
EXPE
Sec Filings
- 12/19/24 - Form 8-K
- 12/3/24 - Form 4
- 11/26/24 - Form 4
- EXPE's page on the SEC website