TripAdvisor Stock Pops On Q3 Earnings: EPS Beat, Revenue Up 16% And More

TripAdvisor Inc TRIP shares are trading higher in Monday's after-hours session on the heels of the company's third-quarter results. Here's a look at the key metrics from the quarter.

What Happened: TripAdvisor said third-quarter revenue increased 16% year-over-year to $533 million, which beat the consensus estimate of $505.24 million, according to Benzinga Pro. The company reported adjusted quarterly earnings of 52 cents per share, which beat analyst estimates of 47 cents per share.

TripAdvisor 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 said it's conference call, which will kick off Tuesday morning at 8:30 a.m. ET, may contain forward looking information.

See Also: Best Travel Stocks Right Now

TRIP Price Action: TripAdvisor shares were up 7.82% after hours at $17.37 at the time of publication, according to Benzinga Pro.

Photo: Pexels from Pixabay.