TripAdvisor Mostly Meets Street’s Expectations With Third-Quarter Earnings
Online travel-booking site TripAdvisor reported third-quarter earnings today that were mostly in line with analyst expectations.
Adjusted earnings per share were right on the Street’s target at 45 cents, while revenue for the third quarter was $255.1 million, compared to analyst expectations of $257 million.
The company also said that it repurchased $100 million in stock in the third quarter.
Sales and marketing expenses increased 45 percent year over year to $98 million as the company extended its TV campaign nationally and tested TV ads in select international markets, it said.