TripAdvisor Revenue Up, Stock Falls On Auditor Dismissal

By | February 11, 2014

Scalper1 News

TripAdvisor reported lower earnings in line with estimates while revenue jumped, but shares fell late Tuesday as the travel website replaced its auditor. Fourth-quarter earnings fell 28% vs. a year earlier to 21 cents a share minus items, meeting estimates. That followed Q3’s 2% EPS drop as the user review travel site adopts a new business model. But revenue rose 26% to $212.2 million. Analysts predicted $205.4 million. Auditor Scalper1 News

Scalper1 News