Why Trip.com Stock Is Soaring Today

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.  

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Source Fool.com