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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.