TripAdvisor (TRIP) Misses Q1 EPS by 14c

TripAdvisor (NASDAQ: TRIP) reported Q1 EPS of $0.32, $0.14 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $352 million versus the consensus estimate of $370.46 million.

"With the global launch of instant booking now substantively complete, users around the globe can now seamlessly book hotels on TripAdvisor,” said Steve Kaufer, President and Chief Executive Officer of TripAdvisor. "Enabling users to book on TripAdvisor is an imperative step as we continue navigating the path towards creating the best user experience in travel.”

Chief Financial Officer Ernst Teunissen added, “We were pleased that our first quarter Revenue and Adjusted EBITDA performance was in line with our internal expectations. While instant booking remains dilutive to our Hotel segment revenue growth and profit margins in the near-term, we are pleased by early results and believe we are well-positioned for long-term growth.”

For earnings history and earnings-related data on TripAdvisor (TRIP) click here.

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