Viad Corp (VVI) Releases Earnings Results, Beats Expectations By $0.22 EPS

Viad Corp (VVI) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.22. Analysts had a consensus of $0.82. The company posted revenue of $324.70 million in the period, compared to analysts expectations of $304.90 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

Viad Corp closed down -0.36 points or -1.13% at $31.64 with 61,523 shares getting traded on Thursday. Post opening the session at $31.82, the shares hit an intraday low of $31.56 and an intraday high of $31.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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