NEW YORK, NY / ACCESSWIRE / February 16, 2018 / Online travel companies TripAdvisor and Expedia saw gains in Thursday trading following better than expected revenue from TripAdvisor in its fourth quarter results.

RDI Initiates Coverage on:

TripAdvisor, Inc.
https://rdinvesting.com/news/?ticker=TRIP

Expedia, Inc.
https://rdinvesting.com/news/?ticker=EXPE

TripAdvisor's shares closed up 4.13% on about 19 million shares traded on Thursday. The stock saw its shares jump higher after the company reported mixed earnings and provided a better outlook for 2018. On Wednesday the online travel company reported its fourth quarter results and revealed revenue of $321 million, an increase of 2% from a year ago and better than the consensus estimates of $311 million. Adjusted EPS however at 6 cents was well below analysts' estimates of 15 cents. The company also announced a $250 million share buyback. Analyst Brent Thill of Jefferies reiterated a price target of $27 and a rating of "underperform" after the earnings release. He wrote, "TripAdvisor remains a transition story that is extending its turnaround further into the future." KeyBanc Capital markets analyst Brad Erickson wrote, "TripAdvisor's guide provides relief to investors who held fairly low expectations coming in." Michael Olson of Piper Jaffrays upped his price target from $40 to $47 and reiterated a "neutral" rating.

Access RDI's TripAdvisor, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TRIP

Expedia's shares closed up 2.13% on about 3.9 million shares traded on Thursday. There was no significant news from the company yesterday so the gains may have been a result of fellow online travel company TripAdvisor seeing big gains after its earnings report. Expedia shares had tumbled when it released its own earnings report on February 9th that was well below expectations. The company also had several analysts give it price target cuts. Earlier this month Expedia also announced a Triple Threat Sweepstakes to kick off launch of Event Tickets on its website. "We know travelers are looking for unique and authentic experiences while in-destination," remarked Expedia Local Expert Vice President, Jen O'Twomney. He continued, "They want to catch a baseball game at a stadium they've never been to, or see a show that isn't playing in their hometown. There's also a growing trend to build entire trips around events, to attend a music festival, follow a specific artist on tour, or root for your team at an away game. Adding event tickets to our product offering makes all the sense in the world and gives us another way to help travelers get the most out of their vacation."

Access RDI's Expedia, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EXPE

Our Actionable Research on TripAdvisor, Inc. (NASDAQ: TRIP) and Expedia, Inc. (NASDAQ: EXPE) be downloaded free of charge at Research Driven Investing.

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