Travelport reports 4Q loss
Feb. 21, 2017
LANGLEY BERKSHIRE, Britain (AP) — Travelport Worldwide Ltd. on Tuesday reported a fourth-quarter loss of $5.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Langley Berkshire, Britain-based company said it had a loss of 5 cents. Earnings, adjusted for restructuring costs and stock option expense, were 23 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The travel commerce company posted revenue of $545.4 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $551.2 million.
For the year, the company reported profit of $16.8 million, or 13 cents per share. Revenue was reported as $2.35 billion.
Travelport expects full-year earnings in the range of $1.29 to $1.37 per share, with revenue in the range of $2.42 billion to $2.48 billion.
Travelport shares have increased slightly since the beginning of the year. The stock has increased 19 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TVPT at https://www.zacks.com/ap/TVPT
Keywords: Travelport, Earnings Report