Shares of Viad Corp (NYSE: VVI) rallied 5.75% in intraday trading on Monday, following the company's impressive second-quarter earnings report. The leisure and recreation services provider reported better-than-expected financial results for the quarter ended June 30, 2024.
Viad Corp posted adjusted earnings per share (EPS) of $0.97 for the quarter, surpassing analysts' average estimate of $0.82. The company's revenue also saw a significant increase of 18.2% year-over-year, reaching $378.54 million and exceeding Wall Street's expectations of $359.28 million.
The strong quarterly performance was driven by robust demand across Viad Corp's business segments. The company reported a net income of $29.31 million for the quarter, further highlighting its solid financial position.
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