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TripAdvisor reports 4Q loss

NEEDHAM, Mass. (AP) _ TripAdvisor Inc. (TRIP) on Wednesday reported a fourth-quarter loss of $84 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Needham, Massachusetts-based company said it had a loss of 60 cents. Earnings, adjusted for pretax expenses and stock option expense, were 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The travel website operator posted revenue of $321 million in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $310.9 million.

For the year, the company reported a loss of $19 million, or 14 cents per share, swinging to a loss in the period. Revenue was reported as $1.56 billion.

TripAdvisor shares have climbed 18 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 1 percent. In the final minutes of trading on Wednesday, shares hit $40.72, a fall of 22 percent in the last 12 months.


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