TripAdvisor Stock Pops On Q3 Earnings: EPS Beat, Revenue Up 16% And More
Portfolio Pulse from Adam Eckert
TripAdvisor Inc's Q3 earnings report showed a 16% YoY increase in revenue to $533 million, beating the consensus estimate of $505.24 million. The company also reported adjusted quarterly earnings of 52 cents per share, surpassing analyst estimates of 47 cents per share. The company ended the quarter with $1.1 billion in cash and equivalents. Following the report, TripAdvisor shares were up 7.82% in after-hours trading.
November 06, 2023 | 9:17 pm
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TripAdvisor's Q3 earnings beat estimates, with revenue up 16% YoY to $533 million and adjusted EPS of 52 cents. The company's shares rose 7.82% in after-hours trading.
TripAdvisor's Q3 earnings report exceeded expectations, with both revenue and EPS beating estimates. This positive financial performance is likely to boost investor confidence and drive up the company's stock price in the short term.
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