TripAdvisor's Turnaround Takes One Step Forward, Two Steps Back
Since reporting earnings on August 8, shares of TripAdvisor (NASDAQ: TRIP) have been all over the place -- the stock fell big after hours, surged more than 5% a few days later, then dropped again to essentially end up where it was before earnings. After a closer look at the quarter, these mixed reactions aren't all that surprising, as this was yet another "good news/bad news" quarter. While the online travel company is making progress on a couple of fronts, the lingering effects of its botched instant booking rollout continue to take a toll on TripAdvisor's core hotel business.
Source: Fool.com