Despegar.com (NYSE:DESP) Posts Earnings Results, Misses Estimates By $0.61 EPS
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Despegar.com (NYSE:DESP) reported earnings of $0.27 per share, missing estimates by $0.15, with revenue of $210.30 million, below the expected $212.40 million. The company had a negative return on equity of 58.97% and a net margin of 4.45%. Despite the miss, revenue increased by 8.7% year-over-year. Analysts have downgraded the stock from "strong-buy" to "hold," with a consensus rating of "Hold" and an average price target of $17.20.
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