04:41 PM EDT, 08/15/2024 (MT Newswires) -- Despegar.com ( DESP ) reported Q2 earnings late Thursday of $0.07 per diluted share, down from $0.25 a year earlier.

Two analysts polled by Capital IQ expected $0.17.

Revenue for the quarter ended June 30 was $185 million, up from $165.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $183.5 million.

The company said it now expects full-year 2024 revenue of at least $760 million, down from the previous guidance of at least $820 million. Analysts polled by Capital IQ expect $803 million.

Separately, Despegar said it sold its destination services unit BDExperience to Iberostar Group's World2Meet, effective Aug. 1.

Roughly 600 BDExperience employees will move to World2Meet as a result of the deal, Despegar said.

Financial terms of the deal weren't provided.

Shares of Despegar fell 1.6% in recent after-hours activity.

Price: 10.80, Change: -0.17, Percent Change: -1.55