Travelzoo Q3 Results Miss Estimates

(RTTNews) - Travelzoo Inc. (TZOO) reported net income for the third quarter of $2.5 million or $0.17 per share, compared to a net loss of $19.0 million or $1.24 per share for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $0.3 million or $0.02 per share, compared to $3.0 million or $0.19 per share in the prior year quarter.

Revenue for the third quarter fell 10% to $33.50 million from $37.16 million a year ago.

Analysts plled by Thomson Reuters expected the company to earn $0.13 per share on revenue of $35.18 million for the third quarter. Analysts' estimates typically exclude special items.