HomeAway tops, guides low

Investor's Business Daily

The online marketplace for vacation rentals said Q1 revenue rose 24% to $79.5 mil, edging past views of $78.6 mil as traffic on its website rose 22% vs. last year. Its total business attracted more than 207 mil visits during the quarter, a new record for HomeAway (AWAY). Earnings advanced 56% to 14 cents from 9 cents a year ago, beating by 2 cents. It plans to launch a pay-per-booking product by the end of Q3 and sees Q2 revenue of $85 mil-$86 mil, below consensus of $86.4 mil. Shares rose 5.5% to 33.81.

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