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TripAdvisor Misses Q4 Earnings and Revenue Estimates, Shares Drop

TripAdvisor, Inc. TRIP just released its fourth quarter 2016 financial results, posting earnings of $0.05 per share and revenues of $316 million. Currently, TRIP is a Zacks Rank #4 (SELL) and is down 4.78% to $50.25 per share in after-hours trading on Wednesday.

Missed earnings estimates . The company posted earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.18 per share, which excludes $0.04 from non-recurring items.

Missed revenue estimates . The company saw revenue figures of $316 million, missing our consensus estimate of $326 million.

The Needham, Massachusetts-based company reported fourth quarter profit of $1 million. TripAdvisor missed its fourth quarter estimates due in part to less display advertising and subscription revenue.

Non-TripAdvisor branded websites revenue fell 20.7 percent to $29 million.

"2016 was an important transition year and one of great progress towards creating the best user experience in travel," said CEO Steve Kaufer in a press release.

"We rolled out hotel instant booking globally and strengthened our position in Attractions, Restaurants and Vacation Rentals. With our price comparison and booking capabilities in place, we are focused on raising consumer awareness of TripAdvisor as a great place to go to price shop and book."

Here's a graph that looks at TripAdvisor's Price, Consensus and EPS Surprise.

TripAdvisor, Inc. Price, Consensus and EPS Surprise

TripAdvisor, Inc. Price, Consensus and EPS Surprise | TripAdvisor, Inc. Quote

TripAdvisor Inc. is an online travel research company. The Company features reviews and advice on hotels, resorts, flights, vacation rentals, vacation packages, travel guides, and lots more. The sites operate in many countries worldwide, including China under daodao.com. TripAdvisor Inc. is headquartered in Newton, Massachusetts.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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