TripAdvisor Stock Is Trading Higher Tuesday: What's Going On?

TripAdvisor Inc TRIP shares are moving higher Tuesday after the company reported better-than-expected financial results.  Here's a rundown of the report.

• Q3 Revenue: $533 million beat estimates of $505.24 million
• Q3 EPS: 52 cents beat estimates of 47 cents

TripAdvisor said revenues were up 16% year-over-year. Core revenue was up 2%, Viator revenue was up 41% and TheFork revenue was up 20%. 

The company ended the quarter with $1.1 billion in cash and equivalents.

"We are pleased to deliver another quarter of healthy growth, driven by our efforts to capitalize on our leadership position in the large and growing experiences category," said Matt Goldberg, CEO of TripAdvisor.

"Our teams delivered results that exceeded expectations financially while continuing to execute more efficiently and effectively in pursuit of our strategic goals."

TripAdvisor did not provide guidance, but the company noted that its conference call may contain forward looking information. The call is set to kick off Tuesday at 8:30 a.m. ET.

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TRIP Price Action: TripAdvisor shares were up 9.62% at $17.66 at the time of writing, according to Benzinga Pro.

Photo: ThePixelman from Pixabay.