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Expedia's profit over fourth quarter plunges by 90 percent due to chargesAP BELLEVUE, Washington -- Soaring hotel bookings pushed revenue higher at Expedia Inc., but the online travel agency's fourth-quarter profit fell 90 percent because of money it set aside to appeal a Hawaii tax row.
February 7, 2013, 11:45 am TWN Expedia said that it earned US$6.7 million, or 5 cents per share, down from US$70.3 million, or 44 cents per share, in the fourth quarter of 2011.
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