Bitcoin sets a new all-time high above $6,000 >>> READ MORE

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.

TRIP stockThe 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.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC