Why Trivago N.V. Stock Tumbled Friday
Shares of hotel search platform Trivago N.V. (NASDAQ: TRVG) fell as much as 22.4% on Friday following the company's second-quarter earnings release. The stock is down about 22% at the time of this writing.
The stock's sell-off comes as the company swung to a loss in its second quarter.
Trivago reported revenue of 298.3 million euros ($354 million), up 67% year over year. But its net loss for the quarter was 3.4 million euros. While this was an improvement from a net loss of 49.9 million euros in the second quarter of 2016, it was worse than Trivago's net income of 7.7 million euros in the first quarter of 2017.
Source: Fool.com
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