Travelzoo Earnings: Here’s Why Investors are Happy Now
Travelzoo Inc. (NASDAQ:TZOO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 15.88%.
Travelzoo Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.29% to $0.36 in the quarter versus EPS of $0.42 in the year-earlier quarter.
Revenue: Rose 7.3% to $42.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Travelzoo Inc. reported adjusted EPS income of $0.36 per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $41.23 million.
Quoting Management: We kicked off 2013 with record revenues, driven by strong performance within our travel segments in both North America and Europe, said Chris Loughlin, chief executive officer. We accelerated subscriber growth and made significant improvements in audience engagement across email, social media and mobile apps. We continued to develop our new hotel booking platform, which we plan to roll out later this year.
Key Stats (on next page)…