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Expedia and TripAdvisor stocks tank after poor third-quarter earnings

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A mascot of TripAdvisor is seen at its display at a trade fair.

Axel Schmidt | Reuters

Shares of Expedia and TripAdvisor both reached new year-to-date lows during midday trading on Thursday, tumbling as much as 25%.

The stock plunge comes after both the travel service stocks reported third-quarter earnings misses after the bell Wednesday. Both companies pointed to weakened visibility in Google search results as a long-term revenue headwind.

Expedia reported earnings of $3.38 per share excluding certain items on revenue of $3.56 billion, falling short of the $3.80 in earnings per share and revenue of $3.58 billion that analysts expected, according to Refinitiv. Expedia’s gross bookings also…



Source cnbc.com

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