Tripadvisor expected to rise sharply after results above expectations


(AOF) – Tripadvisor is expected to rise sharply in pre-market on Wall Street after revealing a 16% increase in its 3rd quarter revenue to $533 million, and adjusted earnings per share up 37 % to $0.52. The American tour operator’s adjusted EBITDA increased by 10% to $127 million, or 24% of turnover. “We are pleased to achieve another quarter of healthy growth, driven by our efforts to capitalize on our leadership position,” said CEO Matt Goldberg.

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