Despegar.com Shares Gain 16% After 3Q Results Beat Estimates

Dow Jones

2024/11/15

By Connor Hart

Shares of Despegar.com rose after the company posted higher-than-expected third-quarter results and raised its adjusted earnings outlook.

The stock was up 16%, to $17.24, in after-hours trading Thursday. Shares, which ended the regular session 1.8% higher, at $14.86, are up 57% since the beginning of the year.

The Latin American travel-technology company backed its full-year revenue outlook of at least $760 million, or 8% higher than last year. It raised its adjusted earnings before interest, taxes, depreciation and amortization outlook to $170 million from $160 million. Analysts are looking for revenue of $765.1 million and adjusted Ebita of $158.8 million.

Despegar.com posted a profit attributable to the shareholders of $1.3 million, or 2 cents a share, compared with a loss of $8.2 million, or 11 cents a share, in last year's same quarter.

Adjusted per-share earnings were 34 cents, beating the 17 cents that analysts surveyed by FactSet expected.

Revenue rose 9%, to $193.9 million, ahead of the $189.9 million that analysts were looking for, boosted by a slightly higher total number of transactions.

Chief Executive Damian Scokin said demand was strong in the quarter, boosted by the company's technologies, local expertise and inventory. Higher demand helped offset foreign-exchange challenges, which hurt its recent quarter's results, he added.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 14, 2024 18:54 ET (23:54 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Higher demand helped offset foreign-exchange challenges, which hurt its recent quarter's results, he added. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 18:54 ET (23:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Despegar.com Shares Gain 16% After 3Q Results Beat Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDespegar.com Shares Gain 16% After 3Q Results Beat Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-15 07:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Despegar.com rose after the company posted higher-than-expected third-quarter results and raised its adjusted earnings outlook. \n</p>\n<p>\n  The stock was up 16%, to $17.24, in after-hours trading Thursday. Shares, which ended the regular session 1.8% higher, at $14.86, are up 57% since the beginning of the year. \n</p>\n<p>\n  The Latin American travel-technology company backed its full-year revenue outlook of at least $760 million, or 8% higher than last year. It raised its adjusted earnings before interest, taxes, depreciation and amortization outlook to $170 million from $160 million. Analysts are looking for revenue of $765.1 million and adjusted Ebita of $158.8 million. \n</p>\n<p>\n  Despegar.com posted a profit attributable to the shareholders of $1.3 million, or 2 cents a share, compared with a loss of $8.2 million, or 11 cents a share, in last year's same quarter. \n</p>\n<p>\n  Adjusted per-share earnings were 34 cents, beating the 17 cents that analysts surveyed by FactSet expected. \n</p>\n<p>\n  Revenue rose 9%, to $193.9 million, ahead of the $189.9 million that analysts were looking for, boosted by a slightly higher total number of transactions. \n</p>\n<p>\n  Chief Executive Damian Scokin said demand was strong in the quarter, boosted by the company's technologies, local expertise and inventory. Higher demand helped offset foreign-exchange challenges, which hurt its recent quarter's results, he added. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 18:54 ET (23:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4142","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483357015","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483357015","pubTimestamp":1731628440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Despegar.com rose after the company posted higher-than-expected third-quarter results and raised its adjusted earnings outlook.The stock was up 16%, to $17.24, in after-hours trading Thursday. 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Shares, which ended the regular session 1.8% higher, at $14.86, are up 57% since the beginning of the year. \n\n\n  The Latin American travel-technology company backed its full-year revenue outlook of at least $760 million, or 8% higher than last year. It raised its adjusted earnings before interest, taxes, depreciation and amortization outlook to $170 million from $160 million. Analysts are looking for revenue of $765.1 million and adjusted Ebita of $158.8 million. \n\n\n  Despegar.com posted a profit attributable to the shareholders of $1.3 million, or 2 cents a share, compared with a loss of $8.2 million, or 11 cents a share, in last year's same quarter. \n\n\n  Adjusted per-share earnings were 34 cents, beating the 17 cents that analysts surveyed by FactSet expected. \n\n\n  Revenue rose 9%, to $193.9 million, ahead of the $189.9 million that analysts were looking for, boosted by a slightly higher total number of transactions. \n\n\n  Chief Executive Damian Scokin said demand was strong in the quarter, boosted by the company's technologies, local expertise and inventory. Higher demand helped offset foreign-exchange challenges, which hurt its recent quarter's results, he added. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 14, 2024 18:54 ET (23:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}