Ambassadors Group
Provider of education travel programs
| Stock symbol:
EPAX |
| Reporting period:
3Q |
| Earnings:
Profit of $2.3 million (11 cents per share)
Versus 3Q 2013: Loss of $1.2 million (11 cents per share) |
| Revenue: $39.6 million compared with $46.9 million in the third quarter of 2013. |
| Analysis: Gross margin from continuing operations was $13.3 million compared to $17.2 million from the third quarter of 2013, and gross margin percentage was 33.7 percent compared to 36.8 percent in the previous year’s third quarter. The company also paid out $2.7 million in 1Q 2014 for separation expenses upon the resignation of two executives. |