OWW did well!
forgot to get back to this post last night, sorry Ico...
Orbitz quarterly profit beats Street
Thu Aug 5, 2010 6:29am EDT
* Q2 EPS $0.09 vs est $0.05
* Gross bookings up 17 pct
* Revenue up 3 pct
* Expects Q3 revenue to grow 3-6 pct
Aug 5 (Reuters) - Online travel agency Orbitz Worldwide (OWW.N) on Thursday reported a better-than-expected quarterly profit, helped by improvements in gross bookings and transactions.
Second-quarter profit was $9.7 million, or 9 cents a share, compared with $10.3 million, or 12 cents a share, a year ago.
Net revenue rose 3 percent to $193.5 million.
Analysts on average were expecting earnings of 5 cents a share, on revenue of $198.2 million, according to Thomson Reuters I/B/E/S.
Orbitz, which owns travel sites Orbitz.com and Cheaptickets.com, said the total value of its bookings was $3.08 billion, up 17 percent from a year ago.
Domestic bookings increased 17 percent, while international bookings increased 19 percent.
For the third quarter, the company forecast a 3 percent to 6 percent in revenue, in line with analysts' expectations of 203.3 million.
Orbitz and its competitors -- Expedia Inc (EXPE.O) and Priceline (PCLN.O) -- suffered last year amid an economic recession that drained travel demand. (Reporting by Bijoy Koyitty in Bangalore; Editing by Vinu Pilakkott)
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