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What: Shares ofViad Corp. fell as much as 12% today after thetravel and event coordinatorannounced fourth-quarter financial results.
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So what: Quarterly revenue rose 11% to $223.2 million, easily topping the $219.6 million in revenue that analysts expected. But net loss from continuing operations reached $7.4 million, or $0.37 per share, much worse than the $0.24-per-share loss investors had anticipated.
Now what:Management does not expect much improvement in 2015, which is another thing investors are considering today. Guidance is for flat revenue for the year; EBITDA, meanwhile, is expected to grow only from $90.5 million to a range of $90 million-$94 million. This slow growth leaves little to get excited about today. Also, with shares still trading at 16 times forward earnings even after the drop, I am not going to jump into this stock.
The article Why Shares of Viad Corp. Plunged Today originally appeared on Fool.com.
Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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