TripAdvisor (TRIP) Misses Q3 EPS by 12c, Sales Beat
TripAdvisor (NASDAQ: TRIP) reported Q3 EPS of $0.48, $0.12 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $354 million versus the consensus estimate of $348.8 million.
“The biggest news for the quarter was our Viator acquisition, which expands our presence into the tours and attractions reservation business. We are thrilled to welcome such a great team to the TripAdvisor family, and are very excited to build on our leadership position in this fast-growing category. While this acquisition helped accelerate Q3 total revenue growth, it was partially offset by lower than expected Click-based revenue growth. Importantly, our business fundamentals remain strong, and we will continue on our path of investing for long term growth,” said Steve Kaufer, TripAdvisor’s President and Chief Executive Officer.
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