TCOM - Trip. com beats earnings consensus despite weak winter season

Trip. com ([[TCOM]] +0.4%) gains after reporting a decent quarter with bottom-line beat in its Q4 earnings results.However, the COVID-related travel restrictions and weak winter seasonality had impacted the company's revenue, which fell 40% year-over-year to $761M, in line with the consensus.By segment: Accommodation reservation revenue was $344M (-24% Y/Y); Transportation ticketing revenue was $260M (-51% Y/Y); Packaged-tour revenue was $40M (-67% Y/Y); and Corporate travel revenue was $47M (-17% Y/Y).Gross margin was 82% vs. 79% a year ago.On the expense side, product development expenses recorded a decline of 20%, sales and marketing 50%, and admin 53% when compared to 4Q19.Operating margin was 0% vs. 7%  a year ago.Net income for the quarter was $155M, almost half of what was reported in the same period in FY19.Non-GAAP EPADS of $0.27 beats consensus by $0.22; GAAP EPADS of $0.25 beats by $0.35.The company ended the year with $9.1B in cash and cash equivalents, restricted cash,

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Trip. com beats earnings consensus despite weak winter season