TripAdvisor Q2 EPS $0.34 Misses $0.36 Estimate, Sales $494.00M Beat $472.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
TripAdvisor (NASDAQ:TRIP) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.36 by 5.56%. This is a decrease of 8.11% from the same period last year. However, the company reported quarterly sales of $494.00 million, beating the analyst consensus estimate of $472.68 million by 4.51%. This is an increase of 18.47% from the same period last year.
August 04, 2023 | 12:08 pm
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NEUTRAL IMPACT
TripAdvisor's Q2 earnings missed estimates but sales exceeded expectations. Earnings per share decreased by 8.11% YoY, while sales increased by 18.47% YoY.
The mixed results with a miss on earnings but a beat on sales could lead to a neutral short-term impact on TripAdvisor's stock. The decrease in earnings might be a concern for investors, but the increase in sales indicates growth, which could offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100