TripAdvisor (TRIP) Misses Q1 EPS by 14c
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TripAdvisor (TRIP) PT Cut to $60 at RBC Capital
May 5, 2016 3:56 PM EDTRBC Capital analyst Mark Mahaney cut his price target on TripAdvisor (NASDAQ: TRIP) to $60.00 (from $70.00) and reiterated a Sector Perform rating following Q1 results materially below expectations, but comments that the 2nd-half would be better.
commented, "TRIP posted Q1 results materially below expectations, but had stated that H2:16 should be better than H1:16 consistent with mgmts commentary throughout the... More
Piper Jaffray Cuts Price Target on TripAdvisor (TRIP) as 1Q Results Come up Short
May 5, 2016 8:46 AM EDTPiper Jaffray maintained an Overweight rating on TripAdvisor (NASDAQ: TRIP), and cut the price target to $95.00 (from $105.00), following the company's 1Q earnings report. TripAdvisor reported revenue and EBITDA of $352M/$85M, 5%/23% below consensus. While Instant Book's global roll-out is causing near-term headwinds to revenue... More
Jefferies QuickTake on TripAdvisor (TRIP) Earnings
May 5, 2016 7:39 AM EDTJefferies analyst, Brian Fitzgerald noted that TripAdvisor (NASDAQ: TRIP) reported a miss largely driven by the roll-out of Instant Booking; mostly completed but with just a few countries left to launch. This brings lower monetization and higher proportion of revenue recognized at stay.... More
