This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Travelzoo Announces Preliminary Financial Results And Growth Plans

Travelzoo Inc. (NASDAQ: TZOO), a global Internet media company, today announced certain preliminary financial results for the third quarter ended September 30, 2012 and announced that the Company is in negotiations to acquire a hotel booking website.

Travelzoo expects to report revenues in the range of $35.0 million to $35.5 million for the third quarter ended September 30, 2012. Travelzoo expects to report earnings per share of $0.20 to $0.22. Travelzoo intends to announce detailed financial results for the third quarter on Thursday, October 25, 2012.

"We continue to be positive about our long-term growth strategy,” said Chris Loughlin, chief executive officer, “but we have found our hotel search offering and the group-buying voucher model not meeting the needs of hotels and users well enough, and therefore plan to adjust our product offering.” Travelzoo discloses that the Company is in active negotiations to acquire a hotel booking website. “Our hotel commission tests during the third quarter have shown positive results,” said Mr. Loughlin, “so we are excited about adding, or developing, a hotel booking platform to our deals business.”

Travelzoo’s expanded hotel offering will allow Travelzoo subscribers to book deals on any night, at select hotels. Unlike online travel agency (OTA) offerings, Travelzoo intends to limit the selection to those hotels tested and approved by Travelzoo’s Deal Experts.

On July 26, 2012, the Company announced its board of directors has authorized the repurchase of up to 1 million shares of the Company’s outstanding common shares.

About Travelzoo

Travelzoo Inc. is a global Internet media company. With more than 25 million subscribers in North America, Europe, and Asia Pacific and 25 offices worldwide, Travelzoo® publishes deals from more than 2,000 travel and entertainment companies. Travelzoo’s deal experts review offers to find the best deals and confirm their true value. In Asia Pacific, Travelzoo is independently owned and operated by Travelzoo (Asia) Ltd. and Travelzoo Japan K.K. under a license agreement with Travelzoo Inc.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,723.27 +93.00 0.53%
S&P 500 2,102.65 +9.40 0.45%
NASDAQ 5,093.7970 +4.5910 0.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs