NEEDHAM, Mass. (AP) _ TripAdvisor Inc. (TRIP) on Tuesday reported second-quarter profit of $27 million.
On a per-share basis, the Needham, Massachusetts-based company said it had profit of 19 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The travel website operator posted revenue of $424 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $423.6 million.
TripAdvisor shares have decreased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. In the final minutes of trading on Tuesday, shares hit $39.55, a decline of 36 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRIP at https://www.zacks.com/ap/TRIP
Keywords: TripAdvisor, Earnings Report
Automated Insights, source Associated Press News