Orbitz Worldwide (OWW) Posts Q2 Loss of 4c/Share

Orbitz Worldwide (NYSE: OWW) reported Q2 EPS of ($0.04), $0.14 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $239.6 million versus the consensus estimate of $253.85 million.

Gross bookings decreased 8 percent year-over-year to $3.1 billion in the second quarter 2015. This decrease was driven by lower air and vacation package volume and lower average booking values per air transaction, partially offset by higher hotel and car volume. Excluding the impact of foreign exchange fluctuations, gross bookings decreased 6 percent year-over-year.

For earnings history and earnings-related data on Orbitz Worldwide (OWW) click here.

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