TripAdvisor (NASDAQ: TRIP) bucked the sharp downward trend of the wider stock market on Thursday. In contrast to the yawning 3.6% drop of the S&P 500 index, the online travel agency and advice board operator's shares scored a 5.1% gain on the day. That was thanks to two encouraging developments.
TripAdvisor unveiled its first-quarter results after market hours on Wednesday. Lifted by the thrust of the tourism sector's continued recovery, the company managed to double its revenue and then some year over year, to $262 million.
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Why TripAdvisor Soared High Above the Market Today