Marketing costs weigh on Orbitz quarterly profit

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(Reuters) – Orbitz Worldwide Inc reported a lower-than-expected quarterly profit, due partly to higher marketing costs related to a new loyalty program for users of its travel booking websites. Orbitz’s shares were down nearly 2 percent in premarket trading after the company also forecast full-year revenue below analysts’ expectations. The operator of the Orbitz and CheapTickets websites said it expected full-year revenue to rise by 9 percent to 10 percent.

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Marketing costs weigh on Orbitz quarterly profit