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Tripadvisor Inc (TRIP) Shares on Move After Earnings Report

TRIP – The travel giant handily beat earnings estimates.


Tripadvisor Inc (NASDAQ:TRIP) shared some good news with investors before the bell on Thursday, and the market is reacting accordingly. 

CNBC has the details.

TripAdvisor shares rose more than 8 percent in premarket trading Thursday after the travel company reported third-quarter earnings were boosted by its growing non-hotel business.

“We are on track to deliver strong profit growth in 2018, and we are well-positioned heading into 2019,” TripAdvisor CFO Ernst Teunissen said in a statement.

For the quarter, the company reported revenue of $458 million and adjusted earnings of 72 cents a share. Analysts were expecting $469.1 million and 24 cents.

Tripadvisor Inc Common Stock shares rose $4.43 (+7.63%) in premarket trading Thursday. Year-to-date, TRIP has gained 68.51%, versus a 6.68% rise in the benchmark S&P 500 index during the same period.

TRIP currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 55 stocks in the Internet category.

TRIP at a Glance

TRIP Current POWR Rating™
Overall POWR Rating™
TRIP Current Price $61.35 2.77%
More TRIP Ratings, Data, and News

TRIP Price Reaction

The day of this event (Nov. 8, 2018)
TRIP Closing Price$66.93 15.26%
TRIP Volume12,562,400
345.53% from avg
Leading up to this event
TRIP 1-mo return16.19%
After this event
TRIP 1-day return8.26%
TRIP 3-day return7.97%

TRIP Price Chart



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