Orbitz Worldwide Earnings: Here’s Why Investors are Buying Shares Now
Orbitz Worldwide, Inc. (NYSE:OWW) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 11%.
Orbitz Worldwide, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.06 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 7.08% to $189.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Orbitz Worldwide, Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.07. It beat the average revenue estimate of $184.87 million.
Quoting Management: There was no comment from management in the report.
Key Stats (on next page)…