Why Trivago Stock Kept Falling Thursday
Shares of hotel-search platform Trivago (NASDAQ: TRVG) dropped again on Thursday, falling as much as 12%. Those declines moderated later in the trading day: The stock was down 4.5% at 2:21 p.m. ET.
The company reported third-quarter earnings before the market open Wednesday -- a release that propelled it to a more than 22% decline on the day. While revenue increased 17% year over year, the company's net loss per share widened to 7.7 million euros from 1.5 million euros in the year-ago quarter. But management's lowered guidance for full-year revenue is likely the main driver of the bearish sentiment toward Trivago stock that continued to punish it on Thursday.
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Source: Fool.com
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