Travel booking company forecasts more spending ahead as it focuses on cloud infrastructure, marketing

Shares in Expedia Inc. plunged more than 18% in extended trading Thursday after the travel company reported earnings were hurt by increased spending.

Rising costs in the fourth quarter outpaced sales growth, and the company forecast even more spending ahead as it focuses on cloud infrastructure and marketing investments. The travel booking company operates Expedia.com, Hotels.com and Orbitz.com among other websites.

On...

NO COMMENTS

LEAVE A REPLY

Captcha image