Expedia reports Q4 loss on acquisition costs, slumping Europe bookings

A combination of acquisition costs and the impact of November’s terrorist attacks in Paris led to a fourth-quarter loss for Expedia Inc., but shares surged 11% in after-hours trading Wednesday after CFO Mark Okerstrom said the company is expecting earnings to rise 35-45% in 2016 as Orbitz and HomeAway are fully integrated into operations. Expedia closed on its acquisitions of Orbitz and HomeAway last September and December, respectively. Expedia took a $12.5 million loss, compared to a $66 million net profit in the previous year’s fourth quarter. Bolstered by the…

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