• Expedia reported its first quarter 2020 earnings after the bell on Wednesday.
• The coronavirus pandemic has battered the travel industry as consumers spend more time at home.
• Shares initially dropped on the report as investors digested the news before gaining more than 4.5%. 

https://atomic-temporary-159070801.wpcomstaging.com/2020/05/20/sp-500-closes-at-highest-since-early-march/

Expedia reported:

• Loss of $1.83 per share
• Revenue: $2.21 billion

The company’s Q1 revenue decreased 15% year over year, Expedia reported. Expedia’s adjusted net loss was $285 million for the quarter, up 545% year over year. CNBC reported.

Source: CNBChttps://www.cnbc.com/2020/05/20/expedia-expe-q1-2020-earnings.html