TripAdvisor Inc. Earnings: Here’s Why Shares are Down Now
TripAdvisor Inc. (NASDAQ:TRIP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Regardless, shares are down 2%.
Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.29 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 22.92% to $169.39 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TripAdvisor Inc. reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $167.05 million.
Quoting Management: “The fourth quarter capped an exciting year during which we reinforced our importance in the travel-planning funnel. We deepened our social and personalization initiatives, grew our member and content base rapidly and innovated our product offerings, including introducing a new meta experience on
smartphones,” said Steve Kaufer, CEO of TripAdvisor. “In 2013, we want to build on that momentum and amplify our global brand, providing the best experience for every user, on every device, in every geography.”
Key Stats (on next page)…