Out Fox The $treet

After the market closed on Wednesday, Kayak Software (KYAK) reported Q2 2012 earnings that slightly beat estimated results. Importantly this was the first earnings report since going public back on July 20. See article here. The company proclaims itself as the best place to plan and book travel. The basic focus of the company is to enable people to easily research and compare accurate and relevant information from hundreds of other travel websites in one comprehensive, fast and intuitive display. While revenue easily beat estimates, the adjusted earnings came in at $0.25 versus the $0.24 analyst estimate. The company only provided the GAAP earnings of $0.19 possibly providing for the stock sliding after hours. Read the full article at Seeking Alpha. Disclosure: Long VELT. Please review the disclaimer page for more details. 

Kayak ( KYAK )  went public in an IPO at $26 on Friday. This price was above the original $22-$25 range and raised $91M for the company. The stock opened up 15% at $30.10 and now trades in the $33 range. The company proclaims itself as the best place to plan and book travel. The basic focus of the company is to enable people to easily research and compare accurate and relevant information from hundreds of other travel websites in one comprehensive, fast and intuitive display. The initial thought when the company filed to go public was that of just another internet travel company. My past experience on the website wasn't that impressive though my last visit went back a few years. At the time it was vastly underwhelming to use or at least that was my experience. Read the full article at Seeking Alpha.  Disclosure: No positions mentioned. Please review the disclaimer page for more details.