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. (VVI -0.60%) 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.
