LodgeNet (LNET) Hit Following Wider Q1 Loss
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LodgeNet (Nasdaq: LNET) shares are getting hit Wednesday, down over 20 percent, following its first-quarter earnings report.
LodgeNet widened its loss per share to 14 cents, from 9 cents last year.
In addition, the company said: "We are progressing on a comprehensive review of the issues impacting Guest Entertainment revenues. The evaluation includes all operating parameters impacting current performance, including recent marketing and pricing changes, modifications to the user interface, and changes to content offerings as well as general environmental factors."
LodgeNet widened its loss per share to 14 cents, from 9 cents last year.
In addition, the company said: "We are progressing on a comprehensive review of the issues impacting Guest Entertainment revenues. The evaluation includes all operating parameters impacting current performance, including recent marketing and pricing changes, modifications to the user interface, and changes to content offerings as well as general environmental factors."
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