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Benzinga

Business

Henry Khederian

Here's Why Trip.com Group Shares Are Rising

Nasdaq Tripcom Group

Trip.com Group Ltd (NASDAQ:TCOM) shares are trading higher by 3.6% at $24.87 after the company reported better-than-expected fourth-quarter EPS and sales results.

Trip.com Group reported quarterly earnings of 8 cents per share which beat the analyst consensus estimate of a loss of 9 cents. The company also reported quarterly sales of $735.00 million which beat the analyst consensus estimate of $668.92 million by 10%. This is a 3% decrease over sales of $761.00 million the same period last year.

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