Tags: tripadvisor | online | travel | internet | earn

TripAdvisor Shares Take Off after Strong Profit Report

Tuesday, 01 May 2012 05:05 PM

Shares of TripAdvisor Inc., the online travel-recommendation service spun off from Expedia Inc., surged in extended trading Tuesday after the company reported first-quarter profit and sales that topped some analysts’ estimates.

The shares climbed as much as 21 percent to $44.25, after earlier closing at $36.53 in New York. The stock has increased 45 percent this year.

First-quarter earnings excluding some items were 38 cents a share, the Newton, Massachusetts-based company said in a statement today. That compares with an average analyst projection of 34 cents, according to data compiled by Bloomberg. Revenue of $183.7 million exceeded the $174.4 million estimate.

© Copyright 2021 Bloomberg News. All rights reserved.


101
2012-05-01
Tuesday, 01 May 2012 05:05 PM
Newsmax Media, Inc.
 
Newsmax TV Live
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved