Travelzoo Warning Brings 52-Week Low Challenge

Before you go, we thought you'd like these...
Before you go close icon

Travelzoo Inc. (NASDAQ: TZOO) is having one nasty day. The online travel booking site warned that third-quarter revenue was now falling and it expects a worse-than-expected earnings report as well. An admission from management that hotel offerings were not up to snuff is not helping matters at all.

The company is now targeting $35.0 million to $35.5 million in revenue and sees earnings coming in a range of $0.20 to $0.22 per share. Thomson Reuters had the consensus estimates of $0.27 in earnings per share and its consensus on revenue was about $38.9 million.

In an order to help things get back on track, Travelzoo says that it is in talks to acquire a hotel bookings website. We will have to wait for the size details later. The new market value of Travelzoo is about $375 million.

Travelzoo is trading down at $20.28 after a 13.7% drop, and the lowest point so far on Friday was $19.33. This is important because Travelzoo's prior 52-week trading range was $19.38 to $34.95.

JON C. OGG

Read Full Story

Markets

S&P 500 2,343.98 -1.98 -0.08%
DJIA 20,596.72 -59.86 -0.29%
NASDAQ 5,828.74 11.04 0.19%
DAX 12,064.27 24.59 0.20%
NIKKEI 225 19,262.53 177.22 0.93%
HANG SENG 24,358.27 30.57 0.13%
USD (per EUR) 1.08 0.00 0.01%
USD (per CHF) 0.99 0.00 0.02%
JPY (per USD) 111.34 0.01 0.00%
GBP (per USD) 1.25 0.00 0.01%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners