Why Trip.com Shares Are Surging Today
Trip.com Group Ltd (NASDAQ:TCOM) said its first-quarter FY22 sales remained flat year-on-year at RMB4.1 billion ($649 million). Net revenue decreased by 12% Q/Q. The sequential decrease was caused by the impact of the latest wave of COVID-19 resurgence in China. Accommodation reservation revenue fell 8% Y/Y, transportation ticketing increased 10%, packaged tours revenue…
Benzinga ·