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HomeAway Shares Surge on Quarterly Results

Shares of HomeAway Inc. (NASDAQ: AWAY), an online marketplace for the vacation rental industry, have surged in trading today after the company reported its financial results for the third quarter. For the quarter ended September 30, 2013, AWAY reported revenue of $90.1 million, compared to $73.1 million reported for the same period in the previous year. The company reported adjusted EBIDTA of $29 million, compared to $24.2 million reported for the same period in the previous year. Brian Sharples, CEO of HomeAway, said that the second half of 2013 is proving to be a very exciting time for the company. AWAY shares struck a 52-week high of $34.93 earlier today, and at last check, they were trading 17.05% higher at $34.05 on above average volume of 5.27 million.

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