Stock Track | Trip.com Group Plunges 5.58% as Q4 Earnings Disappoint

Stock Track

02-25

Shares of Trip.com Group Limited (TCOM) fell sharply on Monday, plunging 5.58% in the 24-hour trading session. The travel booking company's stock was impacted by its disappointing fourth quarter 2024 earnings report released on Tuesday.

While Trip.com posted a 23% year-over-year increase in Q4 revenue to 12.77 billion yuan, its earnings per share of 3.09 yuan fell short of analyst expectations of 4.08 yuan. The company's net income attributable to shareholders rose to 2.16 billion yuan from 1.3 billion yuan a year earlier.

For the full year 2024, Trip.com's profit dropped significantly to 2.34 billion yuan from 17.07 billion yuan in 2023. Revenue growth was more modest at 20% year-over-year. The disappointing earnings results weighed on investor sentiment, driving Trip.com's stock down sharply in Monday's trading session.

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The disappointing earnings results weighed on investor sentiment, driving Trip.com's stock down sharply in Monday's trading session.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TCOM","symbol_name":"攜程網","start_time":0,"source_url":"","article_id":"1174547418","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174547418","pubTimestamp":1740456393,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Trip.com Group Limited  fell sharply on Monday, plunging 5.58% in the 24-hour trading session. 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