TripAdvisor Disappoints Investors After a Big Q3 Earnings Miss

TripAdvisor Inc's (TRIP) earnings miss sent shares sharply down on Wednesday making it TheStreet's Move of the Day. The travel website posted a significantly lower than expected third quarter profit, disappointing investors. Although TripAdvisor beat top-line estimates by pulling in $354 million in revenue, the costs and expenses, especially those associated with sales and marketing, were up about 58% from the same quarter a year ago. That significantly cut into profits. The online travel review site also reported lower than expected click-based revenue growth. About 13 million shares of TripAdvisor traded hands, which is more than six times its normal trading volume.