These Analysts Slash Their Forecasts On TripAdvisor After Q2 Results
Portfolio Pulse from Avi Kapoor
Tripadvisor, Inc. (NASDAQ:TRIP) reported worse-than-expected Q2 sales results, missing revenue estimates but slightly beating EPS expectations. Following the earnings announcement, several analysts downgraded their price targets for the stock. TRIP shares fell 14.1% to $14.02.
August 07, 2024 | 4:39 pm
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Tripadvisor reported Q2 revenues of $497 million, missing the consensus estimate of $504.8 million, but beat EPS expectations with 39 cents. Analysts downgraded their price targets, leading to a 14.1% drop in share price.
The missed revenue estimates and subsequent analyst downgrades have negatively impacted investor sentiment, leading to a significant drop in the share price.
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RELEVANCE 100