Reuters: Global Markets: Expedia posts lower profit

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Expedia posts lower profit Oct 25th 2012, 20:28 Thu Oct 25, 2012 4:28pm EDT (Reuters) - Online travel agency Expedia Inc (EXPE.O) posted a slightly lower third-quarter profit as average daily room rates declined. Net income from continuing operations fell slightly to $169.9 million, or $1.20 per share, from $170.9 million, or $1.22 per share, a year earlier. Excluding items, the company earned $1.32 per share. Revenue rose 17 percent to $1.20 billion.

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