TripAdvisor Posting Substantial Gain On Better Than Expected Q3 Earnings
After moving sharply higher early in the session, shares of TripAdvisor, Inc. (TRIP) continue to see substantial strength in afternoon trading on Thursday. TripAdvisor is currently up by 14.9 percent after reaching its best intraday level in over two years.
The early rally by TripAdvisor came after the travel website operator reported third quarter earnings that beat estimates.
TripAdvisor reported third quarter adjusted earnings of $0.72 per share, well above the $0.48 per share expected by analysts. The better than expected earnings came even though TripAdvisor reported revenues that missed estimates.
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