TripAdvisor Inc. TRIP reported adjusted second-quarter 2017 earnings of 36 cents per share, surpassing the Zacks Consensus Estimate by a couple of cents.However, earnings decreased 32.1% from the year-ago quarter and 5.3% sequentially. Also, revenues of $439 million were below the Zacks Consensus Estimate of $454.3 million.Following the weaker-than-expected third-quarter earnings release, TripAdvisor’s share price declined more than 8% in the after-hours trading. Also, on a year to date basis, the stock has underperformed the industry it belongs to. It has gained only 22.3% compared with the industry’s rally of 59.3%.RevenuesTripAdvisor’s quarterly revenues reflect an increase of 3.5% sequentially and 4.3% year over year.In 2016, the instant booking rollout had led to significant revenue headwinds, muting revenue growth, thereby impacting profitability. Lately, the company has been making efforts to get travelers to book hotels directly on its website instead of just using it as a review site. These efforts have led to an increase in the company’s advertising and transaction revenues, expanding its top-line growth in the quarter.Revenue SegmentsTripAdvisor reports revenues under two segments: Hotel and Other.Revenues of $312 million from the Hotel segment decreased 4% sequentially and 3% from the year-ago quarter but made up 71% of the total revenues. This segment includes click, display, subscription and transaction-based revenues from hotels, air and cruise, including that from the company’s largest subsidiary, SmarterTravel, as well as from operations in China.Revenues of $127 million from the Other segment increased 30% sequentially and 26% year over year and contributed the remaining 29% of the total revenues. This segment includes revenues from attractions, restaurants and vacation rentals businesses.Revenues by SourceRevenues of $195 million from Click-based advertising decreased 5% from the year-ago quarter and accounted for 44% of the total revenues. Revenues from Display-based advertising increased 4% year over year to $76 million and brought home 17% of the total revenues. The other hotel revenue component was $41 million, flat from the year-ago quarter. However, it accounted for 9% of the total revenues. Non-Hotel revenue component contributed the remaining 30%, accounting for $127 million in revenues, up 26% year over year.Operating ResultsTripAdvisor’s adjusted operating expenses of $350 million increased 12.9% year over year. The adjusted operating margin of 9.6% was down 610 bps from the year ago-quarter.On a GAAP basis, TripAdvisor’s net profit was $25 million or 18 cents per share, declining from the year-ago figure of $55 million or 37 cents.Balance Sheet & Cash FlowTripAdvisor exited the quarter with cash, cash equivalents and short-term investments of roughly $763 million, down from $904 million in the prior quarter. Accounts receivables were $254 million, increasing from $252 million in the last quarter.Long-term debt was $265 million in the third quarter compared with $260 million in the previous quarter.Cash flow from operations was ($135) million, decreasing from $221 million in the previous quarter. Capex was $15 million, down from $17 million in the second quarter. Free cash flow was ($150) million, decreasing from $204 million in the previous quarter.TripAdvisor, Inc. Price, Consensus and EPS Surprise TripAdvisor, Inc. Price, Consensus and EPS Surprise | TripAdvisor, Inc. QuoteZacks Rank and Other Stocks to ConsiderCurrently, TripAdvisor has a Zacks Rank #4 (Sell). A few better-ranked stocks in the broader technology sector are NVIDIA Corporation NVDA and SMART Global Holdings, Inc. SGH, each sporting a Zacks Rank #1 (Strong Buy), while Applied Materials, Inc. AMAT, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Zacks' Hidden TradesWhile we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them? Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.Click here for Zacks' secret trade>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TripAdvisor, Inc. (TRIP): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report SMART Global Holdings, Inc. (SGH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research