Shares of travel technology company Despegar.com, Corp. (DESP) are surging more than 14% Wednesday morning after raising full-year outlook.
The company now expects revenue for the full year to be in the range of $690 million - $700 million, up from the previous outlook of $670 million - $700 million.
Adjusted earnings before interest, taxes, depreciation, and amortization or EBITDA guidance has been raised to $105 million -$110 million from $90 million to $100 million.
DESP is at $9.71 currently. It has traded in the range of $4.52 - $9.98 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.