Expedia shares jump on profit forecast

NEW YORK: Expedia Group Inc shares jumped after the online travel agent forecast profit ahead of analysts’ expectations. Adjusted earnings before interest, tax, depreciation and amortisation, would grow 10 to 15 per cent this year, chief financial officer Alan Pickerill said on a conference call on Thursday. Analysts were projecting an increase of nine per cent, according to Bloomberg data. The stock gained more than seven per cent in extended trading after closing at US$127.87 (RM520.64) here.