Trip.com Group Reports Q3 Adj. Earnings Per ADS Of $1.00, Sales Of $1.89B
Portfolio Pulse from Benzinga Newsdesk
Trip.com Group reported a significant increase in Q3 2023 earnings with an adjusted EPS of $1.00 and sales of $1.89B, marking a 99% increase year-over-year and a 22% increase from the previous quarter, driven by the recovery of the travel market and seasonal factors.
November 20, 2023 | 10:38 pm
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Trip.com Group's Q3 2023 results show robust growth with a 99% YOY increase in revenue and a 22% sequential increase, indicating a strong recovery in the travel sector.
The substantial year-over-year and sequential revenue growth reported by Trip.com Group is a strong indicator of the company's performance and the recovery of the travel industry. This positive earnings report is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100