NASDAQ Morning Mover; TripAdvisor (NASDAQ:TRIP) Gains over 21% on Third Quarter Results
New York, New York - November 2, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors, reports on top percentage gainers on the NASDAQ for Friday November 2 nd. TripAdvisor Inc. (NasdaqGS: TRIP) makes the top five list, trading at $35.70, up 6.29 or 21.39% as of 11:08AM EDT on over 6 Million shares. The stock had a morning high of $35.95 following its third quarter earnings report.
Revenue for the third quarter increased to $212.7 million, up 8% quarter-over-quarter and up 18% year-over-year• Net income for the third quarter increased 12% quarter-over-quarter and increased 9% year-overyear to $59.4 million, or $0.41 per diluted share.
TripAdvisor® is the world's largest travel site,* enabling travelers to plan and have the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor branded sites make up the largest travel community in the world, with more than 60 million unique monthly visitors*, and over 75 million reviews and opinions. The sites operate in 30 countries worldwide, including China under daodao.com. TripAdvisor also includes TripAdvisor for Business, a dedicated division that provides the tourism industry access to millions of monthly TripAdvisor visitors.
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