Published on 9 May 2024 on Zacks via Yahoo Finance
TripAdvisor (TRIP) Q1 Earnings & Revenues Beat, Rise Y/Y
TripAdvisor TRIP reported non-GAAP first-quarter 2024 earnings of 12 cents per share, which significantly jumped from the prior-year quarter’s 5 cents. The figure also beat the Zacks Consensus Estimate, which was pegged at break even.Revenues of $395 million increased 6% year over year and surpassed the Zacks Consensus Estimate of $390.9 million.Top-line growth was driven by the strong momentum in the Viator segment. A well-performing TheFork segment also benefited the company.However, softness across Tripadvisor-branded hotels was concerning.TRIP has lost 15.7% year to date against the industry’s rally of 16.8%.
TripAdvisor, Inc. Price, Consensus and EPS Surprise