(Reuters) – Online travel agency Orbitz Worldwide Inc reported better-than-expected quarterly results, helped by growth in its non-air travel revenue, and raised its full-year revenue outlook.
Total value of its bookings rose 1 percent to $2.85 billion, driven by a 31 percent rise in international bookings.
However, bookings at the company's domestic business, which contributes about 70 percent of total revenue, fell 4 percent.
Orbitz, which competes with Priceline and Expedia Inc, raised its 2011 revenue forecast to $760-$764 million from its prior view of $752-$762 million.
Third-quarter earnings fell to $11.2 million, or 11 cents per share, from $15.3 million, or 15 cents per share, a year ago.
Analysts on average had expected to company to earn 6 cents per share, according to Thomson Reuters I/B/E/S.
Total net revenue rose 4 percent to $202.9 million, beating forecasts of $198.4 million.
Shares of the company rose 2 percent to $1.94 in trading before the bell. They closed at $1.90 Wednesday on Nasdaq.
(Reporting by Bijoy Koyitty in Bangalore; Editing by Don Sebastian)
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