UPDATE 2-Expedia profit beats estimates; shares soar


* Net profit 14 cents/shr * Ex items profit 38 cents/share * Gross travel bookings down 5 pct * Shares up 12.8 percent (Recasts; Adds background, analyst and CEO comments, share price, byline) By Kyle Peterson CHICAGO, July 30 (Reuters) - Online travel agency Expedia Inc said on Thursday its quarterly profit shrank on a decline in bookings, but the results beat expectations and itsshares rallied. Expedia's stock jumped more than 12 percent, or $2.24, to $20.60 on Nasdaq, after ...

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