TripAdvisor Inc. (TRIP) on Wednesday reported first-quarter earnings of $63 million.
The Newton, Massachusetts-based company said it had profit of 43 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 54 cents per share.
The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The travel website operator posted revenue of $363 million in the period, which also missed Street forecasts. Eleven analysts surveyed by Zacks expected $364.3 million.
TripAdvisor shares have climbed 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 percent. In the final minutes of trading on Wednesday, shares hit $76.87, a fall of 5.5 percent in the last 12 months.
Keywords: TripAdvisor, Earnings Report
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