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TripAdvisor Misses Q4 Earnings and Revenue Estimates, Shares Drop
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TripAdvisor, Inc. (TRIP - Free Report) just released its fourth quarter 2016 financial results, posting earnings of $0.05 per share and revenues of $316 million. Currently, TRIP is a Zacks Rank #4 (SELL) and is down 4.78% to $50.25 per share in after-hours trading on Wednesday.
Missed earnings estimates. The company posted earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.18 per share, which excludes $0.04 from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $316 million, missing our consensus estimate of $326 million.
The Needham, Massachusetts-based company reported fourth quarter profit of $1 million. TripAdvisor missed its fourth quarter estimates due in part to less display advertising and subscription revenue.
Non-TripAdvisor branded websites revenue fell 20.7 percent to $29 million.
“2016 was an important transition year and one of great progress towards creating the best user experience in travel,” said CEO Steve Kaufer in a press release.
“We rolled out hotel instant booking globally and strengthened our position in Attractions, Restaurants and Vacation Rentals. With our price comparison and booking capabilities in place, we are focused on raising consumer awareness of TripAdvisor as a great place to go to price shop and book.”
Here’s a graph that looks at TripAdvisor’s Price, Consensus and EPS Surprise.
TripAdvisor, Inc. Price, Consensus and EPS Surprise
TripAdvisor Inc. is an online travel research company. The Company features reviews and advice on hotels, resorts, flights, vacation rentals, vacation packages, travel guides, and lots more. The sites operate in many countries worldwide, including China under daodao.com. TripAdvisor Inc. is headquartered in Newton, Massachusetts.
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TripAdvisor Misses Q4 Earnings and Revenue Estimates, Shares Drop
TripAdvisor, Inc. (TRIP - Free Report) just released its fourth quarter 2016 financial results, posting earnings of $0.05 per share and revenues of $316 million. Currently, TRIP is a Zacks Rank #4 (SELL) and is down 4.78% to $50.25 per share in after-hours trading on Wednesday.
Missed earnings estimates. The company posted earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.18 per share, which excludes $0.04 from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $316 million, missing our consensus estimate of $326 million.
The Needham, Massachusetts-based company reported fourth quarter profit of $1 million. TripAdvisor missed its fourth quarter estimates due in part to less display advertising and subscription revenue.
Non-TripAdvisor branded websites revenue fell 20.7 percent to $29 million.
“2016 was an important transition year and one of great progress towards creating the best user experience in travel,” said CEO Steve Kaufer in a press release.
“We rolled out hotel instant booking globally and strengthened our position in Attractions, Restaurants and Vacation Rentals. With our price comparison and booking capabilities in place, we are focused on raising consumer awareness of TripAdvisor as a great place to go to price shop and book.”
Here’s a graph that looks at TripAdvisor’s Price, Consensus and EPS Surprise.
TripAdvisor, Inc. Price, Consensus and EPS Surprise
TripAdvisor, Inc. Price, Consensus and EPS Surprise | TripAdvisor, Inc. Quote
TripAdvisor Inc. is an online travel research company. The Company features reviews and advice on hotels, resorts, flights, vacation rentals, vacation packages, travel guides, and lots more. The sites operate in many countries worldwide, including China under daodao.com. TripAdvisor Inc. is headquartered in Newton, Massachusetts.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buys"" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>