Expedia posts surprise profit as acquisitions pay off

(Reuters) - Expedia Inc, the world's largest online travel services company by bookings, posted a surprise quarterly profit, largely helped by a string of acquisitions. "The type of activity that we did last year was unprecedented...unlikely that it would be repeated in 2016," Chief Financial Officer Mark Okerstrom told Reuters in an interview. Revenue rose about 39 percent to $1.90 billion, ahead of the average analyst estimate of $1.84 billion, according to Thomson Reuters I/B/E/S. Acquisition