Daily reviews

29.05.2020

Trip.com ADR earnings miss expectations

news

The firm’s shares are down 24% from the beginning of the year

Stocks impacted: Trip.com Group Ltd ADR (TCOM)

Trip.com ADR reported first quarter earnings that missed forecasts while revenue exceeded expectations. The firm announced earnings per share of $ -3,73, revenues made up 4.73 billion versus -3.56 on revenue of 4.11 expected. In the same period a year before, earnings per share came in at 2.93 on revenue of 8.16 billion. EPS is expected at -2.6 and revenue of 4.16 billion in the upcoming quarter. As a reminder, Trip.com ADR reported fourth quarter earnings that beat forecasts and revenue that topped expectations. Ona month ago, Amazon.com reported EPS of 5.01 on revenue of 75.45 billion, compared to forecasts EPS of 6.16 on revenue of 73.74 billion. Trip.com ADR shares are down 24% from the beginning of the year. The company’s stocks finished nearly 2% lower on Thursday and could extend losses today.

Make profit on it right now!