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Fly News Breaks for February 11, 2016
EXPE
Feb 11, 2016 | 07:24 EDT
After Expedia reported slightly lower than expected Q4 revenue and significantly lower than expected EPS, RBC Capital says that much of the miss was due to analysts' difficulty predicting the impact of the company's acquisition. The firm notes that the company's organic bookings growth accelerated, while its room night growth reached a multi-year high. RBC says that the company's business appears to be steady ,and it recommends aggressively buying the shares following their retreat.
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