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Orbitz Beats Street; Shares Soar 15%

Stock quotes in this article: OWW , EXPE , PCLN  

Orbitz Worldwide(OWW Quote) widened its loss in the first quarter, as bookings decreased 17% and writedowns hindered results.

Minus the write-downs, though, the company beat expectations, sending shares soaring 15% to $2.42 in afternoon trading.

Orbitz posted a loss of $336 million, or $4.02 a share, compared with a loss of $15 million, or 18 cents, a year earlier. ...

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