TRIP - TripAdvisor Is Down Over 30% After Q1 Results - What's Going On? | Benzinga
TripAdvisor, Inc. (NASDAQ:TRIP) shares are falling in the premarket session on Wednesday.
The company reported first-quarter adjusted earnings per share of 12 cents, beating the street view of 2 cents.
Quarterly revenues of $395 million marginally beat the analyst consensus of $394.86 million, increasing 6% year over year.
Total Adjusted EBITDA in the quarter under review jumped 42% to $47 million.
Brand Tripadvisor sales slumped 2% year over year to $240 million. Adjusted EBITDA margin for Brand Tripadvisor expanded to 33% from 30% in the ...