Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Viad Corp. fell as much as 12% today after the travel and event coordinator announced fourth-quarter financial results.
So what: Quarterly revenue rose 11% to $223.2 million, easily topping the $219.6 million in revenue that analysts expected. But net loss from continuing operations reached $7.4 million, or $0.37 per share, much worse than the $0.24-per-share loss investors had anticipated.
Now what: Management does not expect much improvement in 2015, which is another thing investors are considering today. Guidance is for flat revenue for the year; EBITDA, meanwhile, is expected to grow only from $90.5 million to a range of $90 million-$94 million. This slow growth leaves little to get excited about today. Also, with shares still trading at 16 times forward earnings even after the drop, I am not going to jump into this stock.
1 great stock to buy for 2015 and beyond
2015 is shaping up to be another great year for stocks. But if you want to make sure that 2015 is your best investing year ever, you need to know where to start. That's why The Motley Fool's chief investment officer just published a brand-new research report that reveals his top stock for the year ahead. To get the full story on this year's stock -- completely free -- simply click here .
The article Why Shares of Viad Corp. Plunged Today originally appeared on Fool.com.
Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
