Company beats estimates and raises sales outlook

  • Viad shares rise 9% after reporting third-quarter results
  • Quarterly revenue of $365.9 million, beating analysts’ estimates
  • Adjusted earnings of $1.49 a share, surpassing expectations
  • Pursuit unit sales rose 14%, Spiro sales dropped nearly 20%
  • GES Exhibitions revenue down 17%, but company raises full-year sales outlook

Shares of Viad climbed 9% after the company reported its third-quarter results. The company’s quarterly revenue of $365.9 million exceeded analysts’ estimates, while adjusted earnings of $1.49 a share surpassed expectations. Sales in Viad’s core unit, Pursuit, rose 14%, but its Spiro experiential-marketing agency saw a nearly 20% drop in sales. GES Exhibitions, the company’s conferences business, posted a revenue decline of 17%. Despite this, Viad raised its full-year sales outlook, citing strength in its GES Exhibitions business.

Factuality Level: 8
Factuality Justification: The article provides specific information about Viad’s third-quarter results, including revenue and earnings, which can be verified. It also includes analysts’ estimates for comparison. However, the article lacks context and background information about Viad’s overall business and the reasons behind the changes in revenue for its different units.
Noise Level: 7
Noise Justification: The article provides some relevant information about Viad’s third-quarter results, including revenue and earnings. However, it lacks analysis or context about the company’s performance and the factors driving the stock price increase. It also does not provide any insights or actionable information for readers.
Financial Relevance: Yes
Financial Markets Impacted: Viad
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Viad, a company that operates off-beat travel businesses. It provides information on Viad’s third-quarter results, including revenue, earnings, and sales performance of its different business units. The stock price of Viad also increased after the report. However, there is no mention of any extreme event or its impact.
Public Companies: Viad (N/A)
Key People:

Reported publicly: www.marketwatch.com