Viad Corp (VVI) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Viad Corp (VVI) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.28. The company posted revenue of $241.40 million in the period, compared to analysts expectations of $252.12 million. The company’s revenue was down -8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Viad Corp opened for trading at $30.79 and hit $30.89 on the upside on Wednesday, eventually ending the session at $30.8, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 49,577 shares. Company has a market cap of $621 M.

In a different news, on Aug 28, 2015, Robert E Munzenrider (director) sold 2,730 shares at $27.11 per share price. According to the SEC, on May 7, 2015, Thomas M Kuczynski (Chief Corp Dev & Strat Officer) sold 11,568 shares at $26.56 per share price. On May 6, 2015, Richard H Dozer (director) sold 2,335 shares at $26.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Viad Corp (Viad) is engaged in the exhibition and events industry and the travel and recreation business. The Company serves clients in the United States Canada the United Kingdom Germany and the United Arab Emirates. The Company operates two business groups: Marketing & Events Group and Travel & Recreation Group. The Marketing & Events Group is a global event marketing company that helps clients gain awareness involvement and value from their trade show programs and other live events. The Travel & Recreation Group is an experiential leisure travel provider serving the needs of regional and long-haul visitors to natural and cultural destinations in North America. Its Travel and recreation services are provided by Brewster Inc. (Brewster) Glacier Park Inc. (Glacier Park) and Alaskan Park Properties Inc. (Alaska Denali Travel). Brewster and Alaska Denali Travel are wholly owned subsidiaries of Viad and Glacier Park is an 80% owned subsidiary of Viad.

Viad Corp

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