Travelzoo Q1 outlook more uncertain after announcement, says Ascendiant Ascendiant believes Travelzoo's announcement of new heads for its Search and Local businesses due to continued weakness in local voucher sales and lower search revenues adds uncertainty to its Q1 outlook. Ascendiant added that its checks indicate that Travelzoo’s Local Deals decreased 15% in Q1 and the firm maintains its Hold rating on the stock.
Travelzoo reports Q4 EPS with items 9c, consensus 2c Reports Q4 revenue $31.5M, consensus $34.03M. Reports Q4 non-GAAP EPS of (4c). Non-GAAP net loss and non-GAAP loss per share exclude a $1.8M release of reserve for Travelzoo Inc.'s anticipated settlement agreements in connection with a dispute over unclaimed property audits.