Travelzoo Inc Earnings Drop 66% In Q2

(RTTNews) - Travelzoo Inc (TZOO) announced a profit for second quarter that lost ground compared to the same period last year.

The company said its bottom line declined to $0.69 million, or $0.05 per share. This was lower than $2.02 million, or $0.14 per share, in last year's second quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.4% to $26.41 million. This was down from $29.80 million last year.

Travelzoo Inc earnings at a glance:

-Earnings (Q2): $0.69 Mln. vs. $2.02 Mln. last year. -Earnings Decline (Y-o-Y): -65.8% -EPS (Q2): $0.05 vs. $0.14 last year. -EPS Decline (Y-o-Y): -64.3% -Analysts Estimate: $0.04 -Revenue (Q2): $26.41 Mln vs. $29.80 Mln last year. -Revenue Change (Y-o-Y): -11.4%