Viad Corp. (VVI) Reports In-Line Q3 EPS, Revenues Miss

Viad Corp. (NYSE: VVI) reported Q3 EPS of $1.84, in-line with the analyst estimate of $1.84. Revenue for the quarter came in at $361.5 million versus the consensus estimate of $381 million.

Steve Moster, president and chief executive officer, commented, “Our income before other items of $1.72 per share was up significantly from the 2017 third quarter driven largely by positive show rotation and same-show growth at GES, as well as continued strength at Pursuit. While both GES and Pursuit posted year-over-year increases, Pursuit’s growth was hampered by forest fires that negatively affected visitation. Additionally, at GES, sales of shorter lead time projects came in below our targets for the quarter. Overall, we remain encouraged by the underlying fundamentals of our businesses and our continued progress against key strategic goals to enhance shareholder value.”

For earnings history and earnings-related data on Viad Corp. (VVI) click here.

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