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Dow Jones Newswires: Tripadvisor stock plummets after earnings miss

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Tripadvisor Inc.
TRIP,
+0.34%

shares dived 17% to $19.74 in after-hours trading Monday after the company posted profit below analysts’ expectations for the latest quarter.

The online travel company posted net income of $25 million, or 17 cents a share, for the third quarter ended Sept. 30, compared to $1 million, or 1 cent a share, a year earlier. Adjusted earnings were 28 cents a share, below analysts’ estimates of 39 cents.

Revenue rose to $459 million from $303 million. Analysts polled by FactSet expected $444.3 million. The company said foreign currency fluctuations negatively impacted revenue by $34 million in the quarter.

“Our results reflect a sustained demand for travel and dining, and another quarter of steady progress to full recovery,” Tripadvisor said in a letter to shareholders.

Write to Denny Jacob at denny.jacob@wsj.com

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