TRIP Stock Hits New Highs on TripAdvisor Earnings Beat

Shares are up over 8% Wednesday


TripAdvisor (TRIP) beat fourth-quarter revenue estimates, causing TRIP stock to reach new highs on Wednesday.

TripAdvisorPromo TRIP Stock Hits New Highs on TripAdvisor Earnings BeatThe company said that it expects its 2014 revenue growth to be in the mid-20s range, exceeding the 21.9% consensus. TripAdvisor is also banking on click-based ad sales which should accelerate in 2014, with full-year growth in the low-20s range. Additionally, display ad sales are expected to grow at a high-teens rate.

TripAdvisor also did well with mobiles as traffic doubled to 40% in 2013 and app downloads rose nearly 150%. Travel listings rose 80% business listing subs 38%.

TRIP stock is up about 8% in early trading Wednesday.

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