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OneSpaWorld: 3Q Earnings Snapshot

·1 min read

NASSAU, Bahamas (AP) _ OneSpaWorld Holdings Limited (OSW) on Tuesday reported a third-quarter loss of $22.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Nassau, Bahamas-based company said it had a loss of 26 cents. Losses, adjusted for amortization costs and stock option expense, came to 20 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

The company posted revenue of $1.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.4 million.

OneSpaWorld shares have fallen 51% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.23, a fall of 48% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSW at https://www.zacks.com/ap/OSW