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Wednesday, February 15, 2017 9:40 PM
Travel website TripAdvisor's revenue misses estimates
(Reuters) - TripAdvisor Inc's quarterly revenue missed analysts' estimates, hurt by lower display advertisements on its websites and a fall in subscription revenue. Shares of the company, which owns websites such as TripAdvisor.com and Oyster.com, fell 4.3 percent to $50.45 in after-hours trading on Wednesday. The company's net income fell to $1 million, or 1 cent per share, in the fourth quarter ended Dec. 31, from $3 million, or 2 cents per share, a year earlier. On an adjusted basis, the company earned 16 cents per share. ...
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