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Why TripAdvisor Inc Stock Slumped Today

What happened

Shares of TripAdvisor Inc. (NASDAQ: TRIP) were pulling back today after the travel services company reported another underwhelming earnings report and gave weak guidance.

As of 11:18 a.m. EDT, the stock was down 6.9%.

Image source: Getty Images.

TripAdvisor continues to struggle with its transition into travel bookings from a strictly travel recommendations site. Revenue in the quarter increased 8% to $424 million, and ticked up just 3% in the key hotel segment, its biggest. That result missed analyst estimates at $431 million.

On the bottom line, meanwhile, adjusted earnings per share were unchanged from a year ago at $0.38, which beat estimates at $0.30. Share buybacks during the period helped boost EPS as adjusted net income was down 5% in the quarter.