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TripAdvisor Falls Short on Profit Expectations Amid Travel Rebound

By Liz Moyer

Investing.com -- TripAdvisor Inc (NASDAQ:TRIP) fell short of profit expectations for the quarter but beat revenue forecasts as travel continued to rebound. 

Shares of the online booking site fell 15% in after-hours trading and are down 12% this year.

It said net income in the third quarter was $25 million, or 17 cents a share. Adjusted earnings were 28 cents a share, falling short of expectations for 38 cents a share. 

Revenue was $459 million, beating expectations for $443.8 million, and up 51% from last year. The company said foreign currency fluctuations hit revenue by $34 million.

TripAdvisor said its results show sustained demand for travel and dining and "another quarter of steady progress to full recovery."

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.