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Expedia Group Inc.’s stock climbed 17% on Friday after the online travel company reinstated its quarterly dividend for the first time since the COVID-19 pandemic while keeping up its brisk pace of stock buybacks.
Expedia’s
EXPE fourth-quarter profit of $2.39 a share soundly beat the FactSet consensus estimate of $2.09 a share, while its revenue of $3.18 billion topped the analyst view of $3.07 billion.
This post was originally published on Market Watch
