Expedia paid $229 million for new headquarters building -- the Amgen campus on Seattle’s waterfront.
Bellevue-based Expedia beat Wall Street expectations Thursday, posting a first-quarter profit of $44.1 million, or 34 cents a share, compared to a loss of $14.3 million, or 11 cents a share, for the same period last year.
Financial analysts surveyed by Bloomberg had expected a loss of 19 cents per share.
Overall, the online travel company posted revenue of $1.37 billion for the quarter, up 14 percent from the same period a year earlier, beating analysts estimates of $1.35 billion.
Expedia, which owns its namesake website as well as Hotels.com, Hotwire and Travelocity, in February announced an agreement to acquire Orbitz Worldwide for approximately $1.6 billion. The deal is still being reviewed by the Justice Department.
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The company on Thursday closed the purchase of its new Seattle headquarters — the $228.9 million Amgen campus on Seattle’s waterfront, Expedia spokeswoman Sarah Gavin said. Expedia announced the move earlier this month.
Expedia shares closed Thursday at $94.23, down $2.03, or 2.1 percent. After the company released earnings, shares jumped to $103.80, and were trading at $98.49 in after-hours trading.