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Stock impact report

Shares in TripAdviser jump after hotel booking relaunch [Financial Times (FT.com) (UK)]

Cowen Inc. - Class A (COWN) 
Last cowen inc. - class a earnings: 4/29 07:01 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cowen.com/investor-overview
Company Research Source: Financial Times
TripAdviser shares rose in after-hours trading, as investors cheered confirmation of its efforts to relaunch its hotel shopping experience in face of poor earning results. The website, which offers travel and hotel recommendations, saw shares rise 5.7 per cent to $46.92 in after-hours trading on Tuesday after it posted lower-than-expected revenue and net income results. Net income for the first quarter of 2017 decreased 55 per cent year-over-year to $13m, or 9 cents per share, while analysts had 10 cents per share. Revenue grew 6 per cent over the period in the prior year to $372m on expectations of $376m. Despite the weak performance, however, the shares were lifted after remarks by chief executive Steve Kaufer, who said the company would launch a “simplified, more engaging hotel shopping experience” in a few weeks, which will include a “cleaner interface and a significant emphasis on helping users find and book the best hotels at the lowest prices”. The instant book funct Show less Read more
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