Back to top

Image: Bigstock

TripAdvisor (TRIP) Posts Weak Q2 Profit and Revenue, Stock Down 7%

Read MoreHide Full Article

TripAdvisor Inc. (TRIP - Free Report) just released its second quarter fiscal 2016 earnings results, posting earnings of $0.28 per share and revenue of $391 million. 

Currently, TRIP has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

TripAdvisor:                                          

Missed earnings estimates. The company posted earnings of $0.28 per share, lagging behind the Zacks Consensus Estimate of $0.31 per share. This number excludes 5 cents from non-recurring items.

Missed revenue estimates. The company saw revenue figures of $391 million, missing our consensus estimate of $409 million and decreasing 3% year-over-year.

Reported average monthly unique visitors reached 350 million.

Posted a 19% increase in cash flow from operations, which reached $237 million.

TRIP was down $4.99, or 7.18%, to $64.50 as of 4:38 PM ET in after-hours trading shortly after its earnings report was released.

“We took important steps along our key initiatives during the second quarter,” said Steve Kaufer, President and Chief Executive Officer of TripAdvisor. “Hotel instant booking is now live to users around the globe. We also continued to build a more end-to-end travel experience through our attractions, restaurants and vacation rental businesses as we grew bookable supply and improved our consumer offering on all devices, especially on mobile. We continue to play the long game as we navigate our business to deliver the best user experience in travel.”

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


TripAdvisor, Inc. (TRIP) - free report >>