BUENOS AIRES, Argentina (AP) _ Despegar.com Corp. (DESP) on Wednesday reported a loss of $37.4 million in its first quarter.
The Buenos Aires, Argentina-based company said it had a loss of 54 cents per share. Losses, adjusted to account for extraordinary items, were 47 cents per share.
The online travel company posted revenue of $51.9 million in the period.
Despegar.com shares have declined 1.5% since the beginning of the year. The stock has more than doubled in the last 12 months.
The Associated Press