Despegar.com, Corp. (NYSE: DESP), ("Despegar" or the "Company") the leading online travel company in Latin America, today provided a further update on the operational and financial measures being taken in connection with the impact of COVID-19 which has affected travel and tourism worldwide.
When you compete with larger players, you sometimes need to ignore the conventional wisdom if you want to avoid getting crushed. That’s the view of Despegar, an online travel agency in more than 20 Latin American countries. Since he became Despegar CEO in 2017, Damián Scokin has charted a distinctive course. Scokin has ignored the […]
Shares of Despegar.com (NYSE:DESP) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 133.33% year over year to ($0.01), which beat the estimate of ($0.23).Revenue of $76,082,000 lower by 42.84% from the same period last year, which missed the estimate of $78,250,000.Looking Ahead Despegar.com hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: May 04, 2020View more earnings on DESPTime: 01:03 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2157695&sessionid=1&key=9158A72C0934B4A1BE4D3933A4CD0C51®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $15.44Company's 52-week low was at $4.44Price action over last quarter: down 38.55%Company Overview Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through its marketplace. The company provides a technology platform for managing the distribution of products and access to users to the network of travel suppliers. It operates through two segments namely Air which consists of the sale of airline tickets; and Packages, Hotels, and Other Travel Products which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services.See more from Benzinga * Epizyme: Q1 Earnings Insights * Stocks That Hit 52-Week Lows On Friday * Price Over Earnings Overview: Michaels Companies(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Despegar.com (DESP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
You might think an online travel agency group based in Buenos Aires would be stung by Latin America's ongoing economic woes. But you'd be only partly right. Despegar has navigated troubled times at home by diversifying its product mix and geographic markets and by driving more direct bookings. In late 2019, Latin America's airline gross […]
Despegar.com, Corp. (NYSE: DESP), ("Despegar" or the "Company") the leading online travel company in Latin America, announced today that management is withdrawing first quarter 2020 guidance provided during its fourth quarter 2019 earnings call that took place on March 5, 2020 as the extent and duration of COVID-19 and the impact it will have on the travel industry, is difficult to predict at this time.
Image source: The Motley Fool. Despegar.com, Corp. (NYSE: DESP)Q1 2020 Earnings CallMay 4, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and welcome to the Despegar First Quarter 2020 Earnings Call.
Despegar.com, Corp. (NYSE: DESP), ("Despegar" or the "Company") a leading online travel company in Latin America, today announced unaudited results for the three-months ended March 31, 2020. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles.
Despegar.com (DESP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Despegar said Monday it would acquire Best Day, one of the largest travel agencies in Mexico, for $136 million as it looks to grow mobile bookings. The purchase price was 17 times Best Day's earnings before interest, tax, depreciation, and amortization — a measure of profit — of $8 million last year. In 2019, Best […]
Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its First Quarter 2020 results on Monday, May 4, 2020 before the market opens.
Citigroup picked up coverage of the companies on Friday, even as the coronavirus continues to wreak havoc on airline, lodging, cruise, and rental-car stocks.
Despegar.com (DESP) delivered earnings and revenue surprises of 114.29% and 11.68%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Despegar.com, Corp. (NYSE: DESP), ("Despegar" or the "Company") a leading online travel company in Latin America, today announced unaudited results for the three-months and fiscal year ended December 31, 2019. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles.
Despegar.com, Corp. (NYSE: DESP), ("Despegar" or the "Company"), the leading online travel company in Latin America, announced today that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2019 (the "2019 20-F") on April 10, 2020. As a result of the unprecedented impact that the COVID-19 pandemic is having on the global economy and the travel industry, in advance of its next quarterly earnings release, which will take place on or about May 4, 2020, the Company is providing an update of its performance during the first quarter of 2020, including the following:
Events can overtake optimism as shown by the sharp strategy shift since January or Despegar, the largest online travel agency in Latin America. Despegar's chief financial officer Alberto Lopez Gaffney said on March 5, "We are very positive, very positive on the year that we're looking ahead." At the time, the company was modeling only […]
Despegar.com (DESP) delivered earnings and revenue surprises of 24.14% and -2.83%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?