TripAdvisor makes downbeat conference remarks, shares slump

|About: TripAdvisor Inc. (TRIP)|By:, SA News Editor

During a Canaccord conference talk, TripAdvisor (TRIP -5.1%) CEO Steve Kaufer states the summer of 2013 has been bumpier than expected, and tries to temper Q3 expectations.

TripAdvisor shares flew higher in July after the company delivered a Q2 beat fueled by strong traffic growth, and closed yesterday near their post-IPO high. They're still staring at huge YTD gains.