Scalper1 News
TripAdvisor got tripped up by big marketing costs, posting Q2 EPS late Wednesday that fell far short of Wall Street expectations, sending the stock falling. The company’s revenue beat expectations, but TripAdvisor (TRIP) stock was down 11.5% in after-hours trading on the earnings miss. TripAdvisor’s Q2 selling and marketing costs, which include stepped up spending on TV ads in the U.S., France and Australia, surged 53% from the year-earlier Scalper1 News
Scalper1 News