TripAdvisor Stock Is Trading Higher Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
TripAdvisor Inc's shares are trading higher after the company reported better-than-expected Q3 financial results. The company's Q3 revenue was $533 million, beating estimates of $505.24 million, and Q3 EPS was 52 cents, beating estimates of 47 cents. The company reported a 16% YoY increase in revenues, with core revenue up 2%, Viator revenue up 41%, and TheFork revenue up 20%. The company ended the quarter with $1.1 billion in cash and equivalents.
November 07, 2023 | 1:43 pm
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TripAdvisor's shares are trading higher after the company reported better-than-expected Q3 results. The company's revenues were up 16% YoY, with core revenue up 2%, Viator revenue up 41%, and TheFork revenue up 20%.
TripAdvisor's shares are trading higher due to the company's better-than-expected Q3 results. The company's revenues were up 16% YoY, with core revenue up 2%, Viator revenue up 41%, and TheFork revenue up 20%. This indicates a strong financial performance, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100