Stock Track | TripAdvisor Stock Plunges After Disappointing Q3 Revenue Miss

Stock Track

2024-11-07

TripAdvisor Inc. (NASDAQ: TRIP) shares plummeted 9.25% in after-hours trading on Tuesday after the travel booking company reported weaker-than-expected revenue for the third quarter of 2024.

The company posted revenue of $371 million for the quarter, falling well short of analysts' consensus estimate of $527.9 million. This represented a 30.39% year-over-year decline from the same period in 2023.

While TripAdvisor's adjusted earnings per share of $0.50 beat Wall Street's expectations of $0.44, the disappointingly low revenue overshadowed the earnings beat and spooked investors in after-hours trading.

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(NASDAQ: TRIP) shares plummeted 9.25% in after-hours trading on Tuesday after the travel booking company reported weaker-than-expected revenue for the third quarter of 2024.</p>\n\n<p>The company posted revenue of $371 million for the quarter, falling well short of analysts' consensus estimate of $527.9 million. 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