TripAdvisor Shares Skid On Weaker-than-expected Earnings

By Sue ChangMarketsMarketWatch Pulse

Shares of TripAdvisor Inc. skidded in Wednesday's extended session after the travel website posted quarterly results that missed Wall Street's estimates. TripAdvisor reported its second-quarter earnings fell to $34 million, or 23 cents a share, from $58 million, or 40 cents a share, a year earlier. Excluding items and charges, it would have earned 38 cents a share. Revenue fell 3% to $391 million and average monthly unique visitors totaled 350 million. Analysts surveyed by FactSet had forecast adjusted earnings of 42 cents a share on revenue of $402 million. TripAdvisor sank more than 8% after hours.

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