Travelzoo (TZOO) announced its third-quarter profit, showcasing an improvement from the previous year and surpassing Wall Street's expectations.
The company's net income climbed to $3.18 million, or $0.26 per share, compared to $2.35 million, or $0.16 per share, reported in the third quarter of the previous year.
Analysts, as surveyed by Thomson Reuters, had forecasted earnings of $0.20 per share, generally excluding any special items from their predictions.
However, the company's revenue saw a decrease of 2.4%, reaching $20.10 million, down from $20.60 million in the prior year.
In summary, Travelzoo's third-quarter earnings (based on GAAP) are as follows:
- Earnings: $3.18 million compared to $2.35 million last year.
- Earnings per Share (EPS): $0.26, up from $0.16 last year.
- Revenue: $20.10 million compared to $20.60 million last year.
