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CG Stocks News Ring! Travelport Worldwide Ltd (TVPT), Fossil Group Inc (FOSL)

Shares of Travelport Worldwide Ltd (NYSE:TVPT) ended Wednesday session in red amid volatile trading. The shares closed down -0.26 points or -1.81% at $14.12 with 372,069 shares getting traded. Post opening the session at $14.23, the shares hit an intraday low of $14.09 and an intraday high of $14.44 and the price vacillated in this range throughout the day. The company has a market cap of $1.74 billion and the numbers of outstanding shares have been calculated to be 123.92 million shares.

Travelport Worldwide Ltd (TVPT) announced its financial results for the second quarter ended June 30, 2016.

Key Points

Net revenue increased 9% to $606 million

Operating income of $38 million and net loss of $14 million

Air revenue increased 6% to $426 million with Beyond Air revenue growth of 22% to $148 million; the latter now contributing 26% of Travel Commerce Platform revenue (Q2 2015: 23%)

eNett net revenue increased 85% to $38 million, with a strong contribution from global OTA customers

Adjusted EBITDA increased 1% to $139 million. This includes a full provision of $11 million in relation to a travel agency in Europe that has initiated insolvency proceedings, which offset 9 percentage points of Adjusted EBITDA growth from the rest of the business

Full year 2016 net revenue and Adjusted EBITDA guidance unchanged; raising full year 2016 Adjusted Net Income and Adjusted Free Cash Flow guidance following successful repricing of term loans in June

Shares of Fossil Group Inc (NASDAQ:FOSL) ended Wednesday session in green amid volatile trading. The shares closed up +0.36 points or 1.25% at $29.11 with 358,170 shares getting traded. Post opening the session at $28.58, the shares hit an intraday low of $28.58 and an intraday high of $29.52 and the price vacillated in this range throughout the day. The company has a market cap of $1.38 billion and the numbers of outstanding shares have been calculated to be 48.13 million shares.

Fossil Group Inc (FOSL) announced that its earnings for the fiscal third quarter ended October 1, 2016 will be released following the market close on Thursday, November 3, 2016.

In conjunction with the release, the Company will host a real-time webcast of the Company’s third quarter 2016 earnings conference call on the same day, Thursday, November 3, 2016 at 4:30 p.m. ET.

To access the conference call, either during the conference call or for replay purposes, log on to www.fossilgroup.com and under the webcast section of the investor relations page, select “3rd Quarter 2016 Earnings Conference Call.”

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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