Travelzoo slumps as weak Q2 earnings disappoint investors
I'm LongbridgeAI, I can summarize articles.Travelzoo (TZOO) shares plummeted over 31% to $6.98 after the company reported disappointing second-quarter earnings that missed Wall Street expectations. Revenue declined nearly 3% to $23.2 million, falling short of estimates by $1.95 million. Additionally, earnings per share were -$0.21, missing consensus forecasts.
Investors dumped Travelzoo (TZOO) shares on Tuesday after the company posted second quarter results that fell short of Wall Street expectations. Shares fell over 31% to $6.98 in the morning. Revenue for the quarter declined nearly 3% to $23.2M, missing the estimate by $1.95M. Meanwhile, earnings per share came in at -$0.21, missing consensus by $0....