Travelzoo’s stock plummets to pace Nasdaq losers after earnings results

Travelzoo’s stock plummets to pace Nasdaq losers after earnings results

Shares of Travelzoo TZOO, -28.96% took a 34% dive toward a six-month low in morning trade Wednesday, enough to pace the Nasdaq’s decliners, after the travel and entertainment information company swung to a third-quarter profit, while membership was flat in North America. The company reported net income of $118,000, or 1 cent a share, after a loss of $576,000, or 5 cents a share, in the same period a year ago. Revenue rose 2% to $25.3 million. The one analyst providing estimates to FactSet was expecting earnings per share of 3 cents and revenue of $26.8 million. Worldwide unduplicated membership was 29.8 million as of Sept. 30, up 1% from the same time last year, while North America membership was unchanged at 17.5 million. The stock has tumbled 59% over the past three months but was still up 18.5% year to date. Meanwhile, the S&P 500 SPX, -0.13% has slipped 3.1% over the past three months but has gained 2.3% this year.

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