Proactiveinvestors USA & Canada Viad Corp Proactiveinvestors USA & Canada Viad Corp RSS feed en Mon, 22 Apr 2019 03:11:40 -0400 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Viad board authorizes buyback of half a million shares ]]> 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.

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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.

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Thu, 07 Feb 2019 16:45:00 -0500