NEEDHAM, Mass. (AP) _ TripAdvisor Inc. (TRIP) on Thursday reported a loss of $40 million in its second quarter.
The Needham, Massachusetts-based company said it had a loss of 29 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The travel website operator posted revenue of $235 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $199 million.
TripAdvisor shares have risen 32% since the beginning of the year, while the S&P's 500 index has increased 18%. In the final minutes of trading on Thursday, shares hit $37.95, a climb of 80% 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 TRIP at https://www.zacks.com/ap/TRIP
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