Travelzoo Earnings: Here’s Why the Stock is Down 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 down 0.03%.
Travelzoo Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 24.44% to $0.34 in the quarter versus EPS of $0.45 in the year-earlier quarter.
Revenue: Rose 4.93% to $41.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Travelzoo Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $41.01 million.
Quoting Management: “Continued growth in our Travel businesses in North America and Europe drove a solid quarter,” said Chris Loughlin, chief executive officer. “Audience engagement reached record levels and we made good progress in social media and mobile. Our earnings were still impacted by our investments into a hotel booking platform, aimed at simplifying our user experience on web and mobile. We plan to introduce the platform later this year.”
Key Stats (on next page)…