Michael Farr, Farr Miller & Washington, joins 'Closing Bell Overtime' with reaction to Expedia results.

Expedia reported quarterly earnings per share of $7.57, surpassing analyst estimates of $6.92. The company also exceeded expectations in booked room nights, reaching 108 million compared to the estimated 103.87 million, although revenue came in slightly below projections at $4.1 billion versus $4.28 billion.

Expedia forecasted fourth quarter revenue growth between 6% and 8%, well above the estimated 2.7%. Following the report, Expedia shares rose by nearly 9%. Analysts noted that the results reflect strong consumer spending on travel as the holiday season approaches.

Expedia shares pop more than 9% on quarterly beat

Our Expedia earnings are out and the company's reporting EPS of $7.57 versus estimates of $6.92. Revenue also beating coming in at $4.1 billion versus estimates of $4.28 billion. I think there's a number off there. Booked room nights coming in at $108 million versus estimates of $103.87 million. And the company sees fourth quarter revenue growth of 6% to 8% versus estimates of 2.7%. You can see shares of Expedia are taking off right now. They're up almost 9%. So, Michael Farr, if I go back to you for a response to this, the fact that we have such a strong report here signals what? Oh, that's huge. That's huge. Consumers are spending. They're spending discretionary dollars. They're going to travel. And they're not just spending a little bit. I mean, these are really big beats. And you're looking at $108 million nights instead of $103 million nights. And now we're going to go into the holiday travel season coming up. This is a strong consumer. Now, which consumers are spending? We need to watch. But, boy, these are terrific numbers. And we're in that season, too, where you need a great number to have a good market reaction. If you have a good number, you're going to have a so-so reaction. And a bad number, you're killed. So this was a really great number. Good for Expedia. I mean, that's huge. Way above any expectation.

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