Orbitz reports $32-million loss
From Times Wire Services
Online travel agency Orbitz Worldwide, which became publicly traded in July, had a thirdquarter net loss of $32 million, or 38 cents a share, compared with a loss of $9 million a year earlier.
Excluding items, including a $32-million initial public offering-related charge, Orbitz said it earned $43 million, or 23 cents a share, compared with the $35 million that analysts were expecting, according to Reuters Estimates. Orbitz said its third-quarter travel bookings increased 11% to $2.6 billion.
Shares of Chicago-based Orbitz fell 38 cents, or 4.74%, to $7.63. Orbitz launched its shares near $15.
