Trip.com Beats Q2 Earnings, Bookings Surge Above Pre-COVID Level
Portfolio Pulse from Lekha Gupta
Trip.com Group Ltd's Q2 FY23 revenues rose 180% Y/Y to RMB11.2 billion, driven by a significant recovery in the travel market. The company's adjusted EPS per ADS stood at RMB5.11, compared to a loss of RMB(0.31) a year ago. In USD terms, revenue of $1.552 billion beat the consensus of $1.480 billion, and adjusted EPS per ADS of $0.70 surpassed the street view of $0.50. However, TCOM shares are trading lower by 4.78% at $38.49 premarket on the last check Tuesday.
September 05, 2023 | 10:22 am
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NEGATIVE IMPACT
Despite reporting strong Q2 FY23 results with revenues and EPS beating consensus, Trip.com's shares are trading lower in premarket.
Trip.com reported strong Q2 FY23 results with revenues and EPS beating consensus, indicating a strong recovery in the travel market. However, despite the positive earnings report, the company's shares are trading lower in premarket. This could be due to profit-taking after the earnings announcement or other market factors not mentioned in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100