TripAdvisor Misses EPS And Sales Estimates, Shares Fall 6%

TripAdvisor Inc TRIP released its Q2 results after market close on Wednesday. Earnings per share came in below Wall Street consensus expectations, sending shares down.

Tripadvisor reported EPS of $0.38 and revenues of $391 million. Analyst consensus had an EPS estimate of $0.42 and revenues of $402.6.

Average monthly unique visitors reached 350 million.

"We took important steps along our key initiatives during the second quarter," said Steve Kaufer, President and CEO of TripAdvisor.

"Hotel instant booking is now live to users around the globe. We also continued to build a more end-to-end travel experience through our attractions, restaurants and vacation rental businesses as we grew bookable supply and improved our consumer offering on all devices, especially on mobile. We continue to play the long game as we navigate our business to deliver the best user experience in travel," stated Kaufer.

At time of writing, Tripadvisor traded at $65.33 in Wednesday's after-hours session, down 6 percent.