TripAdvisor (TRIP) Stock Down in After-Hours Trading on Earnings Miss
NEW YORK (TheStreet) -- TripAdvisor (TRIP) - Get Report stock was down by 4.30% to $79.54 in after-hours trading on Thursday, after the company's 2015 third quarter earnings results missed analysts' expectations.
After the market close on Thursday, the Needham, MA-based online travel website reported earnings of 53 cents per share, compared to earnings of 48 cents per share for the year-ago period.
Revenue increased by 17% year over year to $415 million for the most recent quarter.
Analysts surveyed by Thomson Reuters estimated that TripAdvisor would report earnings of 55 cents per share on revenue of $430.22 million.
"We are focused on evolving our products to enable more users to not only plan and compare but also book on TripAdvisor," TripAdvisor CEO Steve Kaufer said in a statement. "While still in the early days of this evolution, we continue to make tremendous strides toward our long-term growth objectives and are helping more and more travelers around the world book the best trip."
Separately, TheStreet Ratings team rates TRIPADVISOR INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate TRIPADVISOR INC (TRIP) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: TRIP
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