Trip.com stock rose 8% due to strong Chinese travel trends boosting earnings

From Google: 2024-08-27 17:04:13

Trip.com stock soared as strong Chinese travel trends boosted earnings. The company reported revenue of $1.11 billion, surpassing estimates of $1.07 billion. Net income rose to $334 million, exceeding expectations of $300 million. The company’s monthly active users reached 60.1 million, up 33% year-over-year. Trip.com’s stock rose 8% on the news.



Read more at Google: Trip.com Stock Jumps as Strong Chinese Travel Trends Boost Earnings – Investopedia