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Orbitz misses Street 3Q forecasts

Orbitz new Hotel Search app.
Source: Orbitz
Orbitz new Hotel Search app.

Orbitz Worldwide on Thursday reported profit of $9 million in its third quarter.

On a per-share basis, the Chicago-based company said it had net income of 8 cents.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The online travel company posted revenue of $253.1 million in the period, also falling short of Street forecasts. Analysts expected $253.8 million, according to Zacks.

Orbitz shares have risen 18 percent since the beginning of the year. The stock has climbed 10 percent in the last 12 months.

This story was generated by Automated Insights using data from Zacks Investment Research. OWW stock research report from Zacks.