TripAdvisor reported fourth-quarter results early Thursday that missed estimates on the top and bottom lines and also showed an unexpected loss. TRIP stock fell.
The company reported an adjusted loss of one-cent a share a share on revenue of $241 million. Analysts expected TripAdvisor to report earnings of 8 cents on revenue of $249 million.
The company reported a 41-cent loss in the year-ago period. Revenue jumped 108%.
TRIP stock dropped 2.5%, closing at 28.50 on the stock market today.
TRIP Stock: Expecting A 'Full Recovery'
TripAdvisor says it offers the world's largest travel guidance internet platform, used by "hundreds of millions of people each month."
"While we continue to have limited visibility to the travel market recovery in 2022, we expect it to be a year of continued transition back to full recovery," the company said in its letter to shareholders. Although the start of the year has been impacted by Omicron, we assume a progressive return to pre-pandemic levels of the leisure travel market at some point later this year.
Among other travel-related stocks, Airbnb reported fourth-quarter earnings Tuesday that beat on the top and bottom lines, as did its first-quarter outlook.
Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.
