TwinsTalkStocks, 8 year old twins and Star Labs employees, Ashay Jorel and Devin Kalel, time-travel to 4 weeks ago when they made a prediction that Expedia (EXPE) and Priceline (PCLN) would have a great quarter due to lower oil prices.
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EXPE was down 2-1/2% after-hours initially after reporting earnings, but soared 11% during the conference call, when EXPE CFO Mark Okerstrom said Airbnb is not a threat (due to their HomeAway acquisition last December)
EXPE forecasts 35%-45% earnings growth this year due to its acquisitions last year of HomeAway, Travelocity and Orbitz.
All travel stocks are cleared for take-off due to sunny skies ahead. After-hours travel stocks were up in sympathy: Priceline (up 4% AH. Reports earnings 2/17) TripAdvisor (up 6-1/2% AH. Reports earnings tomorrow 2/11) Ctrip (up 3% AH. Reports earnings between March 17th-21st)
Thanks for traveling with us on our Expedia journey!
Expedia CFO Mark