TripAdvisor Shares Take Off after Strong Profit Report

Tuesday, 01 May 2012 05:05 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Shares of TripAdvisor Inc., the online travel-recommendation service spun off from Expedia Inc., surged in extended trading Tuesday after the company reported first-quarter profit and sales that topped some analysts’ estimates.

The shares climbed as much as 21 percent to $44.25, after earlier closing at $36.53 in New York. The stock has increased 45 percent this year.

First-quarter earnings excluding some items were 38 cents a share, the Newton, Massachusetts-based company said in a statement today. That compares with an average analyst projection of 34 cents, according to data compiled by Bloomberg. Revenue of $183.7 million exceeded the $174.4 million estimate.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved