Diamonds and Dogs
11/5/13
Orbitz Worldwide Inc. (OWW)Orbitz Worldwide is falling out of the sky today, down 19.62% at $7.70. The online travel company saw its shares drop after missing on earnings. For the quarter, Orbitz announced an EPS of $0.11 which was $0.02 short of analyst estimates. The miss was blamed on rising costs and lower airline ticketing business. Furthermore, management said that it expects airline ticketing to continue to decline; leading to expected revenue of about $840 million for the full year, compared with the $840 million-$850 million forecast in August. Orbitz shares are still well above their 52-week low of $2.08.
Vitamin Shoppe Inc. (VSI)
Vitamin Shoppe is looking healthy today, up 11.81% at $49.99. The nutritional product company saw its shares climb after releasing earnings. For the quarter, Vitamin Shoppe announced an EPS of $0.53 per share on revenue of $272.5 million (which rose 14%). Analysts were expecting an EPS of $0.52 on revenue of $272.7 million. The company expects revenue in stores open at least one year to rise by a low- to mid-single-digit percentage in 2013 and by a mid-single-digit percentage in 2014. It plans to have opened 50 new stores in 2013 and 60 new stores in 2014. Shares of Vitamin Shoppe jumped more than $5.20 today but are still off of their 52-week high of $65.93.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.