/// Travelzoo’s Stock Tumbles After Q4 Results Disappoint
Travelzoo’s stock is down almost 10 percent, or $3 a share, in late trading after its fourth-quarter revenues disappointed analysts. The New York-based company, which sells travel deals and daily deals via email and from its Web site, said fourth-quarter revenues totaled $35.2 million, falling below analyst expectations of $38.7 million. However, Travelzoo did manage to return a healthy profit of 40 cents a share, exceeding estimates of 35 cents a share, according to Thomson Reuters , which conducted a survey of analysts. The company is Groupon’s closest publicly held competitor, other than Google or Amazon, which don’t break out results from daily deals. Groupon was also trading lower today, falling about 3 percent, or 59cents, to $19.49 a share. Groupon will report fourth-quarter earnings in two weeks on Feb. 8. In a statement , CEO Chris Loughlin said despite a slower period for travel advertising in the fourth quarter, revenues in that period grew faster year-over-year than in any quarter in four years.
- 12/05/2013 • Pinterest Loses Head of Engineering Jon Jenkins
- 12/04/2013 • Google Acquired Seven Robotics Companies for Andy Rubin
- 12/02/2013 • Amazon’s Futuristic Delivery Method? Prime Air — Kindles Delivered by Drone. (Video)
- 12/02/2013 • Amazon Uses ’60 Minutes’ To Unveil Automated Delivery Drones