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Orbitz Worldwide, Inc. (OWW)

- NYSE
  • Feb. 22, 2013, 12:24 PM
    Delta Air Lines controller Mike Randolfi will be Orbitz's (OWW -0.8%) new CFO, effective March 11. Mitch Marcus, Orbitz's last full-time CFO, resigned in January to "pursue other opportunities" after just 2 months on the job. Randolfi's hiring comes a week after Orbitz announced it's "exploring strategic alternatives" for its Away Network unit. (PR)
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  • Feb. 15, 2013, 4:29 PM
    Orbitz (OWW) +1.5% AH after stating it's "exploring strategic alternatives" for its Away Network division, which includes Away.com, Trip.com, GORP.com, and AdventureFinder.com. The company adds a sale won't change its 2013 earnings outlook. Orbitz, whose shares have been depressed for some time as the company loses ground to bigger rivals Priceline and Expedia, is up 25% since it posted a Q4 revenue beat on Thursday morning.
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  • Feb. 14, 2013, 8:25 AM
    Orbitz (OWW): Q4 EPS of -$2.96 may not be comparable with consensus of $0.07. Revenue of $189.7M (+7% Y/Y) beats by $4.83M. (PR)
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  • Feb. 13, 2013, 7:47 AM
    Orbitz (OWW) loses a bid to compel American Airlines (AAMRQ.PK) to honor an informal agreement over an antitrust lawsuit. The judge on the case ruled that a series of e-mails between Orbitz and American didn't constitute a final agreement.
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  • Dec. 21, 2012, 12:15 PM
    Online travel stocks are underperforming on a day when Expedia (EXPE -2.2%) announced it's buying 61% of popular German hotel bookings site Trivago. PCLN -2.4%. TRIP -2.7%. OWW -4.6%. TZOO -3.3%. Priceline received 83% of its Q3 gross bookings from international markets, and the bulk of that came from Europe.
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  • Dec. 11, 2012, 10:00 AM
    TripAdvisor (TRIP +7.7%) has rallied to $41.35 on news Liberty Interactive (LINTA +0.1%) acquired voting control by purchasing 4.8M shares at $62.50. LINTA now controls 57% of TRIP's voting rights, though only 22% of its equity. Orbitz (OWW +3%) and Travelzoo (TZOO +3.3%) are joining Expedia in rising in sympathy.
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  • Nov. 8, 2012, 5:42 PM
    Orbitz (OWW -7%) is up 12.3% AH as Priceline/Kayak stokes acquisition hopes. Shares made new lows again today following Wednesday's disappointing Q3 report (I, II). Travelzoo (TZOO) could also move in response to the deal.
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  • Nov. 7, 2012, 1:12 PM
    Orbitz (OWW -11.3%) continues to be the sick man of online travel. Though Q3 EPS beat estimates, revenue fell short, and guidance for Q4 revenue of $183M-$189M is below a $191.1M consensus. Also, Q4 adjusted EBITDA guidance of $32M-$37M (down from Q3's $39.8M) suggests EPS could miss a consensus of $0.12. Q3 gross bookings fell 7% Y/Y, a big contrast to Priceline's 25% increase. Along with the report, Orbitz announced it has hired Sara Lee exec Mitch Marcus to be its new CFO - the company's last permanent CFO resigned in May. (PR - PDF)
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  • Nov. 7, 2012, 8:19 AM
    Orbitz Worldwide (OWW): Q3 EPS of $0.14 beats by $0.07. Revenue of $198.3M (-2.3% Y/Y). Share +3.9% premarket. (PR)
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  • Nov. 2, 2012, 9:36 AM
    As expected, the solid earnings reports from Priceline and TripAdvisor, have lit a torch under sector players such as Ctrip (CTRP +1.3%), Expedia (EXPE +2.2%), Travelzoo (TZOO +2.8%), Orbitz (OWW -0.6%), and Kayak (KYAK +3.5%) in early trading. The general theme is the online travel business is stabilizing as it adjusts its model to dialed-down expectations in Europe and Asia.
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  • Nov. 1, 2012, 6:48 PM
    After-hours top gainers, as of 6:30 p.m.: TRIP +17.3%; PCLN +8.5%; LNKD +7.8%; OWW +5.3%; YPF +4.4%.
    After-hours top losers: ACTV -25.1%; EDMC -8.4%; GES -7.3%; MELI -6.4%; INCY -6%.
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  • Nov. 1, 2012, 6:44 PM
    Priceline (PCLN) now +9.5% AH following its Q3 beat. Q4 guidance is for EPS of $6.12-$6.57, in-line with a $6.34 consensus and fine with investors worried about Europe and (increasingly) the U.S. Total bookings rose 25% Y/Y in Q3 - international +30%, domestic +7% - only a slight slowdown from Q2. Q4 bookings are expected to grow 21%-28% Y/Y, with 27%-35% international growth offsetting flat domestic growth. Between Priceline and TripAdvisor, online travel names such as EXPE, TZOO, OWW, and KYAK could have a good day tomorrow. (PR)
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  • Oct. 26, 2012, 8:13 AM
    Shares of Travelzoo (TZOO), Orbitz (OWW), and Tripadvisor (TRIP) are on watch after Expedia's stellar Q3 showed global growth in the sector hasn't topped out just yet. (Related: Google's warning on online travel overdone?)
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  • Oct. 23, 2012, 1:56 PM
    A judge in Hawaii rules online travel sites won't have to pay the state hotel room tax for a period of time that covers 1999 to 2011. The ruling could save the companies close to $700M in back costs. Clearer sailing: EXPE, PCLN, OWW.
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  • Sep. 20, 2012, 6:50 PM
    Cantor's Youssef Squali has launched coverage on the Internet sector with a relatively bullish stance: he predicts online ads, online travel, and U.S. e-commerce will respectively post CAGRs of 16%, 10%, and 14% through 2014. Companies receiving Buy ratings: GOOG, FB, AMZN, ACOM, VCLK, CPRS, NFLX, VPRT, PCLN, EXPE. Receiving Hold ratings: EBAY, YHOO, YELP, DHX, LNKD, SFLY, OWW.
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  • Sep. 12, 2012, 9:55 AM
    Airline companies begin to offer more deals on their own websites in an effort to lure customers away from travel sites. Frontier Airlines is the latest carrier to add incentives for booking flights directly by cutting frequent flyer miles and imposing more fees on off-site bookings. If the trend continues, online travel players such as PCLN, TRIP, OWW, and EXPE could feel a sting.
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Company Description
Orbitz Worldwide, Inc. is an online travel company that uses technology to enable leisure and business travelers to research, plan and book travel products and services.
Sector: Services
Country: United States