Travelzoo Q2 Profit Down, But Beats Estimates - Quick Facts

(RTTNews) - Travelzoo Inc. (TZOO), an Internet media company, Thursday reported a decrease in net income in spite of higher revenues for the second quarter. Earnings per share exceeded analyst estimates.

For the three-month period, the company reported net income of $5.2 million or $0.34 per share compared with $7.2 million or $0.45 per share last year.

On average, two analysts polled by Thomson Reuters expected earnings per share of $0.27 for the quarter. Analysts' estimates typically exclude one-time items.

Operating profit was $5.9 million compared with $7.8 million during the corresponding quarter last year, mirroring increased expenses related to sales force expansion, hotel booking platform development and traffic acquisition. Total operating expenses increased to $29.1 million from $25.3 million previous year. The company generated revenues of $41.3 million compared with $39.3 million during the same quarter last year. Travel businesses in North America and Europe had a positive influence on revenues.

The Street had expected the company to report revenues of $41.01 million.