TripAdvisor Falls 11% After Q4 Results
TripAdvisor (NASDAQ: TRIP) plummeted in after-hours trading on Wednesday after the company released its fiscal fourth-quarter earnings results.
Adjusted earnings per share were $0.29 compared to Wall Street estimates of $0.27 per share. EBITDA, on an adjusted basis, was $64.3 million, a 17 percent gain versus last year.
Revenue was up 23 percent year over year to $169.4 million. This was ahead of Wall Street analysts' consensus revenue estimates of $169.4 million.
In late trading, TRIP was down around 11 percent. The stock had risen 40 percent during the last 6 months prior to the after-hours decline on Wednesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.