FX.co ★ Travelzoo Announces Increase In Q1 Profit, Beats estimates

Travelzoo (TZOO) recently revealed a significant increase in its first-quarter profit, substantially surpassing estimations from Wall Street.

During the latter quarter, the company registered earnings of $4.2 million or $0.31 per share. This showcases a noteworthy profit increase in comparison to the $3.7 million or $0.23 per share it earned during the same period last year.

Analysts initially had an average yield expectation of $0.30 per share for Travelzoo. This prediction was revealed in a compilation by Thomson Reuters. However, it’s worth mentioning that analysts' estimates generally did not take into account special items.

In terms of revenue, the company had an impressive performance, registering an increase of 1.9% in this quarter’s earnings. The figures rose to $22.0 million from $21.6 million, the revenue reported last year.

Here is a brief overview of Travelzoo's earnings (GAAP):

Earnings for Q1: This year, Travelzoo earned $4.2 million, compared to $3.7 million last year.

EPS for Q1: The earnings per share this year was $0.31, while it stood at $0.23 during the same time last year.

Revenue for Q1: The company reported revenue of $22.0 million this year as opposed to $21.6 million last year.