Why Trivago Stock Dropped Today
Shares of Trivago (NASDAQ: TRVG) were down 11.3% as of 1:30 p.m. EST Wednesday after the online travel platform specialist announced disappointing fourth-quarter 2019 results.
Quarterly revenue fell 6.8% year over year to 155.5 million euros ($169.7 million), translating to net income of 3.1 million euros ($3.4 million), or 0.01 euro per share (down from 11 million euros, or 0.03 per share, a year earlier). Most analysts were modeling earnings of 0.01 per share on a more modest 4.8% revenue decline.
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Source Fool.com
