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Stock Market & Financial Investment News

News Breaks
July 16, 2014
16:06 EDTOWWOrbitz sees Q2 revenue $248M, consensus $242.99M
Sees Q2 stayed room night growth up 20% year-over-year and adjusted EBITDA $45M.
News For OWW From The Last 14 Days
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July 31, 2015
13:28 EDTOWWAttorneys: DOJ decision on Orbitz deal by August 'a stretch,' dealReporter says
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12:25 EDTOWWExpedia hits 52-week high after Q2 profit tops estimates
Shares of online travel company Expedia (EXPE) are rising after the company’s second quarter adjusted profit topped analysts’ consensus estimates and it reported strong gross bookings. WHAT'S NEW: After the close on Thursday, Expedia reported Q2 adjusted earnings per share of 89c, topping analysts' consensus estimates of 84c, on revenue of $1.66B, in line with the consensus projection. The company reported adjusted EPS, excluding eLong (LONG), of $1.02. WHAT'S NOTABLE: Expedia reported Q2 room night growth, excluding eLong, grew to 35% year-over-year, with domestic and international room nights growing 24% and 50%, respectively. It reported gross bookings and revenue, excluding eLong, increased 20% and 15%, respectively. Excluding the impact of foreign exchange, gross bookings increased 28%. In Q2, Expedia added nearly 27,000 properties to its global supply portfolio, which now stands at approximately 257,000. ANALYST REACTION: RBC Capital said this morning that Expedia's results were "surprisingly strong," given intra-quarter comments by the company. The firm raised its price target on the name to $140 from $130 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Expedia rose $11, or about 10%, to $118.65 on more than twice its average daily trading volume. Earlier in the session, the stock made a fresh 52-week high of $119. Including today’s advance, the shares have gained approximately 50% over the past year. OTHERS TO WATCH: Other online travel companies include Priceline Group (PCLN), which is up 2.3%, Travelzoo (TZOO), which is up 0.6%, Ctrip.com (CTRP), which is up 1.8% and Orbitz Worldwide (OWW) and Tripadvisor (TRIP), whose shares are flat.
July 30, 2015
10:32 EDTOWWOptions with increasing implied volatility
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10:13 EDTOWWOptions with increasing implied volatility
Options with increasing implied volatility: ESPR SRPT CX RAX YY SPLK QIHU HFC OWW BBY
06:02 EDTOWWDOJ expected to approve Expedia, Orbitz deal, NY Post reports
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July 28, 2015
09:01 EDTOWWVisa, Orbitz to offer fully integrated business travel, expense solution
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July 20, 2015
07:07 EDTOWWOrbitz rewards program exceeds 4M members
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