Tripadvisor's stock jumps 9%, company's quarterly sales rose 16%

Shares of Tripadvisor Inc. (TRIP) rallied more than 9% in the after-hours session Monday after the online travel platform easily beat Wall Street expectations for its quarterly profit and sales. Tripadvisor earned $27 million, or 19 cents a share, in the third quarter, compared with $25 million, or 17 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 52 cents a share. Revenue rose 16% to $533 million. Analysts polled by FactSet were looking for adjusted EPS of 47 cents on sales of $505 million. "Our teams delivered results that exceeded expectations financially while continuing to execute more efficiently and effectively in pursuit of our strategic goals," Chief Executive Matt Goldberg said in a statement.

-Claudia Assis

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11-06-23 1634ET

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