TripAdvisor Q4 Earnings Beat Street Expectations
Needham, Mass. - TripAdvisor Inc. (TRIP) reported a fourth-quarter profit of $2 million on Thursday, surpassing Wall Street expectations.
On a per-share basis, the Needham, Massachusetts-based company had earnings of 1 cent. Adjusting for one-time items, earnings reached 30 cents per share.
Analysts surveyed by Zacks Investment Research had projected earnings of 21 cents per share.
TripAdvisor's revenue for the period was $411 million, also beating Street forecasts. Six analysts polled by Zacks expected $400.6 million.
For the full year, the company reported a profit of $5 million, or 4 cents per share. Revenue totaled $1.84 billion.