HomeAway (AWAY) Reports In-Line Q2 EPS; Issues Solid Outlook

HomeAway (NASDAQ: AWAY) reported Q2 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $114.3 million versus the consensus estimate of $110.36 million.

"We've had another great quarter, once again delivering results above our expectations," says Brian Sharples, chief executive officer of HomeAway®. "We also achieved a significant milestone, reaching one million live listings on our global network of sites. Due to our industry leading breadth of vacation home inventory, it's now easier than ever for travelers to find and book a vacation with HomeAway."

Mr. Sharples continued, "Looking back on the first half of the year, I'm pleased with our accomplishments. We continue to deliver financially, while at the same time executing against our robust product roadmap and e-commerce initiatives. Our new pay-per-booking product is now available to both homeowners and property managers on HomeAway.com and VRBO.com in the US as well as three of our largest European sites. And in regards to our e-commerce initiatives, we've seen a sharp acceleration in adoption in recent quarters. With much of our platform and product investment behind us, the next few years will mark a renewed focus on marketing as we strive to make HomeAway one of the most recognized and respected travel brands in the world."

Third Quarter 2014

Total revenue is expected to be in the range of $114.5 to $116.5 million (cons is $113.6 million)
Adjusted EBITDA is expected to be in the range of $31.0 to $32.3 million.

Full Year 2014

Total revenue is expected to be in the range of $444.0 to $449.0 million (cons is $441.02 milion)
Adjusted EBITDA is expected to be in the range of $118.0 to $123.0 million.

For earnings history and earnings-related data on HomeAway (AWAY) click here.

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