Why Tripadvisor Stock Crushed the Market on Wednesday
On Wednesday, investors were more than willing to buy the ticket and take the ride with travel specialist Tripadvisor (NASDAQ: TRIP). The company's stock rose like an ascending airliner, increasing more than 12% in price on the back of encouraging quarterly results. That performance well eclipsed that of the S&P 500 (SNPINDEX: ^GSPC), which could only inch up by 0.4% on the day.Tripadvisor's first-quarter figures were published before market open, and they revealed the company managed to increase its revenue by 1% year over year to $398 million. It did a better job improving profitability, as non-GAAP (generally accepted accounting principles) adjusted net income surged 26% higher to $21 million, or $0.14 per share. Image source: Getty Images.Continue reading
On Wednesday, investors were more than willing to buy the ticket and take the ride with travel specialist Tripadvisor (NASDAQ: TRIP). The company's stock rose like an ascending airliner, increasing more than 12% in price on the back of encouraging quarterly results. That performance well eclipsed that of the S&P 500 (SNPINDEX: ^GSPC), which could only inch up by 0.4% on the day.
Tripadvisor's first-quarter figures were published before market open, and they revealed the company managed to increase its revenue by 1% year over year to $398 million. It did a better job improving profitability, as non-GAAP (generally accepted accounting principles) adjusted net income surged 26% higher to $21 million, or $0.14 per share.
Image source: Getty Images.
