NEW YORK, NY / ACCESSWIRE / May 10, 2018 / TripAdvisor saw its shares explode on Wednesday after strong first quarter results that beat expectations. Fellow trip recommendation company Expedia also saw slight gains though it had no news of its own. The company had reported its own strong first quarter earnings last month.

RDI Initiates Coverage on:

TripAdvisor, Inc.
https://rdinvesting.com/news/?ticker=TRIP

Expedia Group, Inc.
https://rdinvesting.com/news/?ticker=EXPE

TripAdvisor, Inc. shares closed up almost 23% yesterday on about 18 million shares traded. The travel recommendation company reported first quarter results that blew past what analysts had been waiting for. For the first quarter, the company reported adjusted earnings per share of 30 cents. This was a 6 cent improvement from the 24 cents it reported in the year ago quarter. Analysts had been only expecting 16 cents a share. Revenue also saw a 2% increase at $378 million and blew past the expectation of $362.1 million by analysts. CEO Steve Kaufer commented, "We had a strong start to 2018; our Hotel results were ahead of our expectations, and we delivered accelerated Non-Hotel revenue growth. We are expanding our global platform for the benefit of users and partners and we are executing along our key product, supply and marketing initiatives that position our business for long-term profitable growth." For guidance for the year, TripAdvisor also increased its outlook.

Access RDI's TripAdvisor, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TRIP

Expedia Group, Inc. shares closed up 1.52% on about 1.5 million shares traded on Wednesday. Though there wasn't any significant news from the company yesterday the stocked moved up probably because fellow travel site TripAdvisor was skyrocketing after reporting first quarter results. It was at the end of last month that Expedia reported its own results and saw its shares surge. The company reported a 15% increase YOY in bookings. Revenue also saw a 15% increase YOY to $2.5 billion and beat what analysts had been expecting. An adjusted loss of 46 cents a share for the quarter was also in line with what analysts waited for. Analyst Scott Devitt of Stifel, who has a "hold" rating on the stock, wrote, "Expedia Group is one of the largest [online travel agencies] with leading brands such as Hotels.com and is well positioned in the attractive online travel space with ample runway for bookings growth."

Access RDI's Expedia Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EXPE

Our Actionable Research on TripAdvisor, Inc. (NASDAQ: TRIP) and Expedia Group, Inc. (NASDAQ: EXPE) can be downloaded free of charge at Research Driven Investing.

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