NEEDHAM, Mass. (AP) _ TripAdvisor Inc. (TRIP) on Wednesday reported fourth-quarter net income of $1 million.
The Needham, Massachusetts-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The travel website operator posted revenue of $316 million in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $325.7 million.
For the year, the company reported profit of $120 million, or 82 cents per share. Revenue was reported as $1.48 billion.
TripAdvisor shares have risen 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 5 percent. In the final minutes of trading on Wednesday, shares hit $52.70, a fall of 17 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRIP at https://www.zacks.com/ap/TRIP
Keywords: TripAdvisor, Earnings Report