Expedia faces a novel coronavirus challenge: ‘How long can they operate at near zero revenue?’

Caught in the headwinds of world-wide coronavirus shutdowns and travel restrictions, Expedia missed earnings estimates for the 1st quarter, reporting a loss of $1.83 per share (versus consensus estimates of a $1.29 loss per share), while posting sales of $2.2 billion for the quarter (down 15% from the year-ago quarter, its first quarterly decline in eight years) as the travel…
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