TripAdvisor, Inc. ( (NASDAQ:TRIP) ) just released its latest quarterly financial results, posting earnings of $0.30 per share and revenues of $378 million.
Currently, TripAdvisor is a Zacks Rank #5 (Strong Sell), but that could change based on today’s results. Shares of the company lost about 1.6% during regular trading hours today, with a negative trend over the past month as well.
The stock has skyrocketed 18.6% to $46 per share in after-hours trading shortly after its earnings report was released.
TripAdvisor:
Beat earnings estimates. The company posted non-GAAP earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.16. Investors should note that this consensus projection has trended downward over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $378 million, beating our consensus estimate of $360.8 million.
TripAdvisor destroyed both earnings and revenue estimates, which is currently being reflected in after-hours trading. Part of this success came from non-hotel revenue, which saw a massive uptake, improving from $21 million to $79 million year over year.
In addition, user reviews and opinions grew 26%, and average monthly unique visitors on TripAdvisor branded websites grew 12%.
“We are tracking well to our 2018 financial objectives. Our good start has made us more positive about our 2018 profitability outlook” says CFO Ernest Teunissen.
Here’s a graph that looks at TripAdvisor’s recent earnings performance:
TripAdvisor, Inc. is an online research company that features reviews and advice on hotels, resorts, flights, vacation rentals, vacation packages, travel guides, and other travel related accommodations.
Check back later for our full analysis on TripAdvisor’s earnings report!
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TripAdvisor, Inc. (TRIP): Free Stock Analysis Report
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