Expedia reported a quarterly profit that fell far short of analysts’ expectations as selling and marketing costs soared, sending its shares down 23 percent in after-hours trading. Excluding items, Expedia earned 64 cents per share. Revenue rose 16 percent to $1.21 billion. Analysts on average had expected earnings of 79 cents per share on revenue of $1.26 billion.
T ight quarter at Expedia
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July 26, 2013, 4:00 a.m. ET