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Travelzoo Earnings Soar

Earnings beat expectations at the online travel publisher.


(TZOO) - Get Travelzoo Report

shares rose 19% early Tuesday after the online publisher of travel discounts beat analysts' earnings expectations.

Net income rose to $4.6 million, or 28 cents a share, up from from $2.3 million, or 13 cents a share, a year ago. Revenue rose 31% to $17.6 million -- a bit shy of analyst expectations.

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Travelzoo generates most of its revenue by selling advertising on its Web site to travel agencies, airlines and resorts.

Analysts, as surveyed by Thomson Financial, were looking for earnings of 24 cents a share on sales of $18.2 million.

Shares rose $6.29 to $38.69.