Trip.com Group Q4 Adj Earnings Per ADS $0.56 Beats $0.33 Estimate, Sales $1.46B Beat $1.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Trip.com Group (NASDAQ:TCOM) reported Q4 adjusted earnings per ADS of $0.56, surpassing the consensus estimate of $0.33 by 69.7%. Quarterly sales reached $1.46 billion, exceeding the $1.42 billion estimate by 2.54%.
February 21, 2024 | 10:06 pm
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Trip.com Group reported Q4 adjusted earnings per ADS of $0.56, beating estimates by 69.7%, with sales of $1.46 billion, exceeding expectations by 2.54%.
The significant beat on both earnings and sales estimates for Trip.com Group indicates strong financial performance and operational efficiency. This outperformance, especially in the adjusted earnings per ADS, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The surpassing of sales estimates, although by a smaller margin, further solidifies the company's market position and growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100