Travelzoo Swings To Profit In Q2 - Quick Facts

(RTTNews) - Internet media company Travelzoo (TZOO) reported Wednesday a net income attributable to the company of $3.01 million or $0.22 per share, compared to net loss of $6.19 million or $0.55 per share in the prior-year quarter.

Consolidated revenue for the quarter soared 172 percent to $19.1 million from $7.0 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share on revenues of $16.38 million for the quarter. Analysts' estimates typically exclude special items.

Looking Ahead, the company currently expects to report higher revenue and profitability for the third quarter. It sees a trend of recovery of its revenue. The company has been able to reduce operating expenses, and believe it can continue the trend of lower fixed costs in the foreseeable future.