.August 27, 2024 4:59:00 PM

Trip.com Group (NASDAQ:TCOM) shares surged 10% after reporting strong Q2 results for fiscal 2024. Earnings per share were RMB7.25, beating estimates of RMB5.23, with revenue at RMB12.79 billion, slightly above the forecast of RMB12.76 billion. Accommodation reservation revenue rose 20% to RMB5.14 billion, while packaged-tour revenue jumped 42% to RMB1.03 billion. Despite transportation ticketing revenue falling short, the company credited growth to robust cross-border travel demand and plans to leverage AI for future innovation in the travel industry.