Bram de Haas
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Bram de Haas in Special Situation Investing News,

HomeAway Attempts To Regain Market Confidence Through Tie-Ups

After a disappointing first quarter performance, vacation rental site HomeAway (NASDAQ:AWAY) recently announced second quarter results that surpassed market expectations. Additionally, they have been tying up with several other online services providers in an effort to simplify the vacation planning process for their customers.

HomeAway's Financials

HomeAway's second quarter revenues grew 10% over the year to $125.8 million, ahead of the Street's estimates of $123.9 million. The revenues were hurt by currency growth and ignoring those, they would have reported a 19.2% growth over the year. EPS of $0.12 was also ahead of the Street's consensus of $0.11 despite a 35% growth in sales and marketing costs.

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