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.
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