Tripadvisor Rallies After Beating Earnings and Revenue Consensus

Investors woke up to good news Thursday as Tripadvisor Inc TRIP shares trended up after the company beat consensus on earnings and revenue.
The travel portal posted EPS of $0.45 against expectations of $0.33 and reported receipts of $309 million over analyst estimates of $299 million.

The company touted a global rollout of an instant-booking feature as the foundation for the next year.

"Looking ahead to 2016, though instant booking will continue to dilute our near-term results, it positions our business for significant long-term growth," said president and CEO Steve Kaufer.
The travel sector seemed to be in good shape Thursday morning. Tripadvisor shares were up nearly 4 percent before market open, and Expedia Inc EXPE was up nearly 10 percent on solid sales figures for the fourth quarter, despite coming short on earnings.