July 31, 2014 in Business

Ambassadors Group

Spokane-based group travel provider
 
Stock symbol:

EPAX

Reporting period:

2Q

Earnings:

(Loss of $4.2 million)

(25 cents per share)

Versus 2Q 2013:

Profit of $8.1 million

48 cents per share

Revenue: $57.8 million

For the first six months, total revenue comes to $59.4 million.

Analysis: During the six months that ended June 30, 2014, the company booked 8,903 student travelers, compared to 9,800 travelers during the same period in the prior year. Excluding special items, 2Q 2014 operating expenses were $8.9 million, a decline of $1.3 million, or 13.1 percent, compared to the same time in 2013. Company layoffs provided some of that reduction.

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