12.11.2019 14:45:00

TripAdvisor Books a New Path Following Weak Earnings Results

Investors weren't expecting great news when TripAdvisor (NASDAQ: TRIP) reported its fiscal third-quarter results. The online travel giant has seen shrinking sales in recent quarters as its hotel booking platform struggles to gain traction in a crowded market. Yet cost-cutting efforts have softened the blow, and the company can also credit its emerging dining and experiences segment for diversifying the business away from the challenging hotel niche.On Wednesday, TripAdvisor revealed that this negative trend worsened over the past few months as competition elbowed deeper into both of its core growth segments. Management called the results "frustrating" but pledged to make the necessary changes to produce a brighter fiscal 2020.Let's take a closer look.Continue reading
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