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Trip.com: 2Q Earnings Snapshot

·1 min read

SHANGHAI (AP) _ Trip.com Group Limited (TCOM) on Thursday reported a loss of $67 million in its second quarter.

The Shanghai-based company said it had a loss of 11 cents per share. Losses, adjusted for non-recurring gains, came to 27 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.

The travel services company posted revenue of $448 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $325 million.

Trip.com shares have decreased 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.75, a decline of 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCOM at https://www.zacks.com/ap/TCOM