Shares of Trip.com Group (NASDAQ: TCOM) fell as much as 18% on Thursday, hitting a new 52-week low after the company's second-quarter outlook spooked investors, overshadowing strong first-quarter revenue growth and resilient travel demand.
The guidance, which called for revenue growth to fall sharply from its Q1 pace, is raising concerns about the travel giant's near-term trajectory and dealing another blow to a stock that was already down roughly 35% year-to-date ahead of the earnings report.
