Travel operator Inspirato rises on strong Q3 results

Inspirato

19/12/2022 23:09

** Shares of luxury travel operator Inspirato Inc  ISPO.O 
up ~4% at $1.39 after the bell
    ** Company's Q3 revenue rose 44% to $93.13 mln, beating
analysts' avg. estimate of $92 mln, per Refinitiv IBES data
    ** ISPO posts Q3 net loss per share of 6 cents, compared
with estimates of an 8-cent loss
    ** Company benefits from strong travel demand as people
return to work and social events after a pandemic-led pause
    ** However, ISPO expects full-year 2022 revenue of about
$340 mln, compared with prior forecast of $350 mln to $360 mln
    ** Up to Monday's close, stock had fallen ~87% this year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))