Travelzoo Q1 Profit Plunges - Quick Facts

(RTTNews) - Travelzoo Inc. (TZOO) reported first-quarter net income of $1.91 million or $0.13 per share, compared to $4.64 million or $0.31 per share, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.08 for the quarter. Analysts' estimates typically exclude special items. 

Revenue decreased 9% to $36.49 million from $40.20 million in the comparable quarter last year, while three analysts expected revenue of $34.77 million for the quarter.

"In spite of the strong dollar we achieved a sequential 16% increase in revenue over the previous quarter," said Chris Loughlin, chief executive officer. "Travelzoo added more new members than in any other quarter over the past three years."