NEEDHAM, Mass. (AP) — NEEDHAM, Mass. (AP) — TripAdvisor Inc. (TRIP) on Wednesday reported fourth-quarter earnings of $32 million.
On a per-share basis, the Needham, Massachusetts-based company said it had profit of 22 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The travel website operator posted revenue of $390 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $372.9 million.
For the year, the company reported profit of $10 million, or 8 cents per share. Revenue was reported as $1.79 billion.
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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 TRIP at https://www.zacks.com/ap/TRIP