Diamonds and Dogs
11/5/13Orbitz 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.
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