TripAdvisor misses estimates, and its call contains clues to weakness
TripAdvisor tripped today. The sprawling user-review platform revealed its earnings for the second quarter of its fiscal year, and the company has disappointed Wall Street by doing worse than most analysts forecast.
The headline number: TripAdvisor missed analyst expectations as averaged by Estimize, reporting adjusted earnings per share of 55 cents — as opposed to consensus estimates of 62 cents a share.
Until now, TripAdvisor had missed estimates only once since its 2012 initial public offering (IPO).
Why the hiccup: Part of the explanation for its slip is that net income rose only $1 million year-over-year — from $67 million in the second quarter last year to $68 million in comparable summer period this year.