TripAdvisor Results Miss Estimate; Stock Down 14% - Quick Facts

(RTTNews) - Online travel company TripAdvisor Inc. (TRIP) Tuesday reported first-quarter net earnings of $68 million or $0.47 per share compared with $62 million or $0.43 per share last year.

Excluding items, adjusted earnings for the quarter were $80 million or $0.54 per share compared with $73 million or $0.50 per share a year ago.

On average, 23 analysts polled by Thomson Reuters estimated earnings of $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up 22 percent at $281 million compared with $230 million in the prior year. Twenty-three analysts had a consensus revenue estimate of $282.94 million for the quarter.

Results were somewhat offset by operating expenses that climbed to $185 million from $142 million a year ago.