Expedia shares fall as Vrbo weakness weighs on revenue forecast

Expedia shares fall as Vrbo weakness weighs on revenue forecast. Company projected full-year revenue growth in mid-to-high-single digit range. Company had migrated its VrBO brand to the Expedia platform along with rollout of its consolidated loyalty program covering all three brands.

Expedia lowers full-year revenue forecast on slow B2C growth. Seattle-based company reported a quarterly adjusted profit of 21 cents per share. CEO Peter Kern: "Given the Vrbo drag and the rate of acceleration in B2 C thus far, we are lowering our full year guidance to a range of mid- to high-single-digit top line growth"