Travelport Worldwide Ltd (TVPT) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.32. The company posted revenue of $609.00 million in the period, compared to analysts expectations of $614.26 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Travelport Worldwide Ltd. Sterne Agee CRT Initiated Travelport Worldwide Ltd on Apr 13, 2016 to “Buy”, Price Target of the shares are set at $19.
Travelport Worldwide Ltd closed down -0.19 points or -1.34% at $13.97 with 6,35,395 shares getting traded on Wednesday. Post opening the session at $14.03, the shares hit an intraday low of $13.85 and an intraday high of $14.1499 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 12, 2015, Kurt Joseph Ekert (officer ) sold 25,000 shares at $14.07 per share price. According to the SEC, on Aug 7, 2015, Gordon A. Wilson (CEO) purchased 7,400 shares at $13.70 per share price. On May 11, 2015, Antonios Basoukeas (officer ) sold 32,256 shares at $15.30 per share price, according to the Form-4 filing with the securities and exchange commission.
Travelport Worldwide Limited provides a travel commerce platform which offers distribution technology payment and other solutions. The Company connects travel providers such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform. It provides air distribution services to approximately 400 airlines around the world including approximately 100 low cost carriers (LCCs). It distributes ancillaries for 25 airlines. In addition it serves various Beyond Air travel providers including over 650000 hotel properties (of which over 550000 are independent hotel properties) over 35000 car rental locations and 61 cruise-line and tour operators. Its travel commerce platform Air provides real-time search pricing booking change payment and itinerary creation for travelers who use the services of online and offline travel agencies for both leisure and business travel.