Tripadvisor shares plunge 18% following earnings miss and management change announcement
TRIP TripAdvisor Inc
$7.00 -5.15%
View chart & analysis → - 1Tripadvisor reported third-quarter adjusted earnings per share of $0.37, falling below the analyst estimate of $0.45.
- 2Tripadvisor revenue decreased 11% year-over-year to $436.4 million in the third quarter.
- 3CEO Matt Goldberg will depart on February 16, 2027.
So what's the key point?
Tripadvisor's profits and revenue were lower than experts expected, and the management is also changing. Following this news, the stock price fell significantly by 18 percent.
Source Investing.com +2 · View original ↗
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