Why Expedia Stock Jumped Today

Shares of Expedia (EXPE 18.06%) were soaring Friday after the online travel agency delivered a strong fourth-quarter earnings report Thursday afternoon, beating estimates on the top and bottom lines and saying it would reinstate its dividend.As of 11:34 a.m. ET, the stock was up 18.4%. Expedia takes flightExpedia, which has historically lagged behind rival Booking Holdings, delivered strong results during a time when growth in the travel industry seems to be slowing.Gross bookings in the quarter jumped 13% ...