TripAdvisor Shares Fall After Quarterly Results Miss

By Markets MarketWatch Pulse

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.

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