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TripAdvisor Inc. (TRIP) on Thursday reported third-quarter profit of $74 million.
On a per-share basis, the Needham, Massachusetts-based company said it had profit of 51 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.
The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The travel website operator posted revenue of $415 million in the period, also falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $429.6 million.
TripAdvisor shares have climbed 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 2 percent. In the final minutes of trading on Thursday, shares hit $83.11, a rise of 16 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.