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Why Trip.com Stock Is Soaring Today

TheMotleyFool

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Why Trip.com Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of Trip.com Group (NASDAQ: TCOM), a Chinese travel company, spiked today after the company reported its first-quarter results. Trip.com's bottom-line results matched up with analysts' consensus estimate, while its top line beat Wall Street's expectations.

The travel stock was up by 14.1% as of 12:29 p.m. ET.

Trip.com reported a non-GAAP (adjusted) loss of $0.01 per share in the quarter, which was an improvement from a loss of $0.05 in the year-ago quarter and on par with analysts' consensus bottom-line estimate for the quarter.

Source Fool.com

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