TRIP

TRIPADVISOR INC

58.2195
USD
2.32%
58.2195
USD
2.32%
34.0791 69.0000
52 weeks
52 weeks

Mkt Cap 7.30B

Shares Out 124.87M

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TripAdvisor stock slides after results disappoint

Shares of TripAdvisor Inc. TRIP, -0.59% are down more than 11% in premarket trading Thursday after the company reported a slight revenue miss and beat earnings expectations by a cent. TripAdvisor's hotel business performed better than expectations, while its non-hotel business fell short. "Expectations had risen in recent months, as had optimism around non-hotel growth, so these results will likely be seen as somewhat 'lackluster' by some investors," wrote Piper Jaffray analyst Michael Olson, who raised his price target to $50 from $49 but kept his neutral rating. Jefferies analyst Brent Thill was less upbeat, writing that TripAdvisor "remains a 'transition' story with a turnaround that gets constantly pushed further into the future." He has an underperform rating and $31 target on the stock. Shares were up 67% so far in 2018, as of Wednesday's close, while the S&P 500 SPX, -0.10% had risen 5.2%.

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