Travelzoo Explodes Higher After Q4 Results
Shares of internet media company Travelzoo (NASDAQ: TZOO) jumped on Thursday after the company released its fiscal fourth-quarter earnings results prior to the opening bell.
Late in the day, the stock had surged more than 24 percent and was trading at $23.92.
Travelzoo reported net income for the fourth-quarter of $3.8 million or $0.24 per share, compared to $6.4 million or $0.40 per share, in the year ago period. This was ahead of Wall Street analysts' consensus earnings per share estimates of $0.22.
Revenue in the quarter was up 5 percent to $37.03 million versus $35.16 million last year. This missed consensus revenue estimates of $35.49 million.
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