Proactiveinvestors USA & Canada Viad Corp https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Viad Corp RSS feed en Sat, 16 Feb 2019 05:46:41 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Viad board authorizes buyback of half a million shares ]]> https://www.proactiveinvestors.com/companies/news/214213/viad-board-authorizes-buyback-of-half-a-million-shares-214213.html Viad Corp (NYSE:VVI), the live-events company, announced that its board has authorized the purchase of 500,000 shares.

Phoenix-based Viad also said it posted an unexpected fourth-quarter loss on higher-than-expected revenue as it continues to make progress toward accelerating growth and profitability in its GES live-events and Pursuit travel businesses.

READ: Corporate Travel shares surge as it dismisses shortseller’s second report

For the three months ended December 31, the company posted a net loss attributable to common shareholders of $0.12 on revenue of $296.9 million. The average forecast of economists was for earnings per share of $0.01 on expected revenue of $287.4 million.

“I am encouraged by the actions we are taking to capitalize on key opportunities and position our business for future success,” CEO Steve Moster said in a statement.

The company added that the GES business continues to drive same-show growth.

Shares slipped $0.01 to $54.19 in Friday's New York trading.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

]]>
Thu, 07 Feb 2019 16:45:00 -0500 https://www.proactiveinvestors.com/companies/news/214213/viad-board-authorizes-buyback-of-half-a-million-shares-214213.html