Mondee Holdings gains after upbeat revenue forecast, Q1 results

MH Wind Down Co

15/05/2023 19:09

** Shares of travel technology co Mondee Holdings  MOND.O 
up 2% at $10 in afternoon trading
    ** Co raises 2023 net revenue forecast to between $240 mln
and $245 mln, from $230 mln-$240 mln
    ** First-quarter net revenue jumps 28% to $49.9 mln, beating
analysts' estimates of $45.2 mln - Refinitiv IBES data
    ** Posts quarterly loss of 7 cents per share vs analysts'
expectations of a 12-cent loss 
    ** Announces acquisition of Mexican B2B Travel co Consolid
and Brazilian B2B travel provider Interep
    ** Stock down ~8.1% YTD

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((aatrayee.chatterjee@thomsonreuters.com))