TripAdvisor Reports Q3 Earnings Miss Amid Significant Revenue Decline
TripAdvisor (TRIP) reported third-quarter financial results that fell short of analyst expectations. The company posted a non-GAAP earnings per share (EPS) of $0.37, missing estimates by $0.08. Total revenue for the quarter was $436.4 million, representing a 21.1% year-over-year decline and falling $15.83 million below consensus forecasts. The company also reported a significant GAAP net loss from continuing operations of $316.9 million, or $2.70 per diluted share. This marks a sharp reversal from the net income of $48.5 million reported in the same period last year, driven primarily by non-cash items.
Tickers: $TRIP
Topics: EPS miss net loss quarterly earnings revenue decline