Originally published at www.seclive.com
TripAdvisor Inc. (NASDAQ:TRIP) announced its financial results for the first fiscal quarter of 2014, reporting an increase in earnings that missed expectations. The travel company, known for user-based reviews of landmarks and hotels, saw a 44% rise in site traffic, with over 110 million unique users visiting the website per month. Accounting for 74% of the company's revenue, click-based advertising revenue increased 16% with total company revenue increasing 22% to $281M, short of $282.9M analyst predictions. Earnings ticked upward from $62M and $0.43 per share a year ago to $68M and $0.47 per share. Adjusted earnings per share increased from $0.50 to $0.54 per share, missing analyst expectations of $0.55.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.