Trip.com Shares Slide After Travel Service Provider Misses Q1 Earnings Estimates

Benzinga

Trip.com Group reported first-quarter revenue of $1.91 billion, meeting analyst expectations, according to Benzinga Pro. Adjusted earnings of 82 cents per ADS missed the 86-cent estimate. Revenue rose 16% year-over-year, with accommodation bookings up 23% and transportation ticketing up 8%. The company ended the quarter with $12.8 billion in cash and equivalents. CEO Jane Sun said Trip.com is well-positioned to sustain growth through localized, customer-focused services. Shares fell 1.79% after hours ahead of the company’s investor call and June 30 shareholder meeting.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Trip.com group reported first quarter revenue of $1.91 billion, meeting analyst expectations

00:07according to Benzinga Pro.

00:08Custom earnings of $0.82 per ADS missed the $0.86 estimate.

00:12Revenue rose 60% year-over-year, with a combination of bookies up 23%, transportation ticketing

00:18up 8%, coming into the corner with $12.8 billion in cash and equivalents.

00:23CEO of Jade Suns at Trip.com is well-positioned to sustain growth through localized, customer-focused

00:28services.

00:28Shares fell 1.79% after-hours at the company's investor call and June 30th shareholder beat.

00:34For all things money, visit Benzinga.com slash GSTV.

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