Orbitz posts loss, sees revenue decline
February 24, 2010 |
Orbitz fell the most in more than 11 months in New York trading after reporting a fourth-quarter loss. The company said it expects net revenue to decrease 2 percent to 6 percent in the first quarter.
The loss was 21 cents a share, the Chicago-based company said today in a statement. Analysts predicted a loss of 3 cents, the average of eight estimates compiled by Bloomberg.
The loss was
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