Stryker shares tumble despite strong Q2 results and raised guidance
Investing.com -- TripAdvisor (NASDAQ:TRIP) shares jumped nearly 4% in U.S. premarket trading after the company reported first-quarter top and bottom lines that beat analyst expectations.
The company’s earnings per share (EPS) came in at $0.14, topping the consensus projection of $0.04.
Revenue rose marginally year-over-year to $398 million, also ahead of the $388.65 million expected by analysts. Core revenue totaled $219 million, down 8.8% year-over-year but slightly above the $213.2 million estimate.
TripAdvisor reported adjusted EBITDA of $44 million, down 6.4% year-over-year, but still well above the expected $24.1 million.
The company’s Viator business generated $156 million in revenue for the quarter, up 11% year-over-year and slightly above the $154.8 million estimate. TheFork posted revenue of $46 million, marking a 12% increase from a year earlier and coming in just ahead of the $45.7 million consensus.