SHANGHAI (AP) _ Trip.com Group Limited (TCOM) on Wednesday reported fourth-quarter net income of $155 million.
On a per-share basis, the Shanghai-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The travel services company posted revenue of $761 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $735.1 million.
For the year, the company reported a loss of $497 million, or 83 cents per share, swinging to a loss in the period. Revenue was reported as $2.81 billion.
Trip.com shares have risen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.80, an increase of 33% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCOM at https://www.zacks.com/ap/TCOM
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