BUSINESS
February 10, 2012
TripAdvisor Inc. tumbled after three analysts downgraded the stock, which suffered the biggest percentage decline on the S&P 500. Susquehanna International Group downgraded TripAdvisor to "neutral" from "positive. " Benchmark Co. and Lazard Capital Markets also cut their ratings. The Newton-based company on Wednesday posted quarterly profit that missed the average analyst estimate.
BUSINESS
January 4, 2012
Newton-based TripAdvisor Inc., the world's largest travel site, was raised to "buy" from "underperform" by Bank of America analysts. They say the company's fourth-quarter earnings report should give a clearer picture of the newly public company. TripAdvisor was spun off last month by Expedia Inc. to be a stand-alone company. With 1,172 employees and $486 million in 2010 revenue, TripAdvisor is the biggest consumer Internet company in the Boston area.
BUSINESS
December 20, 2011 | By D.C. Denison
TripAdvisor Inc. will become an independent company this week when parent firm Expedia Inc. spins off the Newton-based travel service. Upon completion of the spin-off, Expedia will cease to have any ownership interest in TripAdvisor. For the last two weeks, TripAdvisor has been trading under the symbol "TRIPV" on the Nasdaq stock market. This week, the new company will start trading under the symbol "TRIP. " TripAdvisor will continue to be based in Newton, and Expedia Inc. will remain headquartered in Bellevue, Wash.
BUSINESS
December 20, 2011 | By D.C. Denison
TripAdvisor Inc. will become an independent company this week when its parent, Expedia Inc., spins off the Newton-based travel service. Expedia will cease to have any ownership interest in TripAdvisor. For the past two weeks, TripAdvisor has been trading under the symbol TRIPV on the Nasdaq stock market. Starting this week, the new company will trade as TRIP. TripAdvisor will remain in Newton. Expedia Inc. is headquartered in Bellevue, Wash. Founded in 2000, TripAdvisor offers travel information, airline ticketing, and hotel and rental car reservations.
BUSINESS
February 17, 2012 | By Katie Johnston
People searching for hotels on Kayak now have 60 million more resources at their fingertips. The travel search website will include hotel reviews from TripAdvisor travelers, giving Kayak users access to more than 60 million opinions from around the world on hotels' cleanliness, staff, and rooms with the best views. Kayak also includes hotel recommendations from travel editors at Frommer's and Budget Travel. The agreement is the first partnership between Newton-based TripAdvisor and Kayak, which is based in Norwalk, Conn., and has operations in Concord.
BUSINESS
May 3, 2012
TripAdvisor Inc., the Newton-based online travel-recommendation and booking service spun off from Expedia Inc. in December, soared the most in five months after quarterly sales and profit exceeded some analysts' estimates. The stock, up 69 percent this year, was the top performer on the S&P 500 Wednesday. Profit excluding certain items was 38 cents a share. Revenue rose to $183.7 million.