TripAdvisor shares fall after quarterly results miss

TripAdvisor Inc. shares dropped in the extended session Wednesday after the travel-booking website fell short of Wall Street estimates for the first quarter. TripAdvisor shares fell 6.9% to $58.75 after hours. The company reported adjusted first-quarter earnings of 32 cents a share on revenue of $352 million. Analysts surveyed by FactSet had estimated 46 cents a share on revenue of $370.6 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply