Quantcast
Transport Cars

Zipcar disappoints with quarterly results, stock plunges lowest level yet

Excerpt from NY Daily News

Aug 03, 2012 1:58 pm

Skift Take

Zipcar’s numbers were hurt by a slow down in new members, but the growing competition from peer-to-peer car sharing programs is undoubtedly a concern.

— Jason Clampet

Free Report: The State of Chinese Outbound Market Travel

Free Report: The State of Student Travel

Zipcar Inc. shares tumbled to an all-time low Friday after the car-sharing network reported lower-than-expected revenue in the second quarter and cut its annual estimates…

Zipcar said its revenue grew 15 percent to $70.8 million in the second quarter, but FactSet reports that analysts expected $73.1 million.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

Baby Boomers Ready To Take More Trips in 2015
Airbnb’s Next Big Challenge Is Keeping the Scammers Away
Travel Channel Searches for the Next Bourdain With New Web Series
From Campaigns to Content: The Evolution of Hotel Marketing