Tripadvisor Inc. Q1 Profit And Revenue Both Miss The Mark

Written by StockNews.com

Tripadvisor Inc. (Nasdaq: TRIP) late Tuesday posted worse than expected first quarter earnings results, as both profit and sales fell short of expectations.

The Needham, MA-based online travel agency reported Q1:

• earnings per share (EPS) of $0.24, which was $0.03 worse than the Wall Street consensus estimate of $0.27 [while]
• revenues rose 5.7% from last year to $372 million, also missing analysts’ view for $376.67 million.
• Average monthly unique visitors (MAUs) jumped 14% from last year to 390 million.

Chief Executive Officer, Steve Kaufer, commented via press release:

“2017 is off to a productive start.

Our 500 million reviews and opinions continue to forge TripAdvisor brand affinity around the world, and we are building on this strength as we further streamline the hotel shopping experience.

Later in Q2, we plan to launch a brand advertising campaign to build user awareness of TripAdvisor as not only a great place to research a hotel, but a great place to find the lowest prices when a user is ready to book.”

...Year-to-date, TRIP has gained 1.10%, versus a 7.58% rise in the benchmark S&P 500 index during the same period.

TRIP currently has a StockNews.com POWR Rating of C (Neutral) and is ranked #28 of 45 stocks in the Internet category.