Travelzoo eyes best day in a year on swinging to profit

Travelzoo

22/03/2023 18:13

(Updates)
    ** Shares of online travel deals company Travelzoo Inc
 TZOO.O  rise as much as 26.6% to near four-month high of $5.8
        ** Stock last up 16.6% and is set for best day since
March 2022
  
        ** 
    Reports
     Q4 EPS of 20 cents vs a loss of 27 cents a year earlier;
analysts expected profit of 10 cents - Refinitiv IBES data
    ** TZOO's sales climb 36% to $18.6 mln vs est of $18.3 mln,
which includes revenue from advertising and commissions
generated in connection with the purchases made by its members
        ** Co expects higher revenue and profitability Q1 2023 
  
    ** Stock has fallen 14.6% in the past 12 months

 (Reporting by Tejaswi Marthi and Anne Florentyna Gnanaraja
Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))