Tripadvisor Stock Plummets After Earnings Miss

Dow Jones2022-11-08

Tripadvisor Inc. shares dived 17% to $19.58 in after-hours trading Monday after the company posted profit below analysts’ expectations for the latest quarter.

The online travel company posted net income of $25 million, or 17 cents a share, for the third quarter ended Sept. 30, compared to $1 million, or 1 cent a share, a year earlier. Adjusted earnings were 28 cents a share, below analysts’ estimates of 39 cents.

Revenue rose to $459 million from $303 million. Analysts polled by FactSet expected $444.3 million. The company said foreign currency fluctuations negatively impacted revenue by $34 million in the quarter.

“Our results reflect a sustained demand for travel and dining, and another quarter of steady progress to full recovery,” Tripadvisor said in a letter to shareholders.

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Comments

Universe宇宙
2022-11-08
Universe宇宙
共有してくれてありがとう [YoYo]
- Universe宇宙:
  [Sly]
- Universe宇宙:
  [Duh]
- Universe宇宙:
  [Facepalm]
- Universe宇宙:
  [Surprised]
- Universe宇宙:
  [Grin]
LGC1956
2022-11-08
LGC1956
Ok

Leave a comment

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