TripAdvisor shares surge more than 10% on earnings beat

TripAdvisor Inc. TRIP, +1.88% shares rallied in the extended session Wednesday after the travel site’s quarterly earnings topped Wall Street estimates. TripAdvisor shares surged 12% after hours, following a 1.9% rise to close the regular session at $58.07. The company reported third-quarter net income of $69 million, or 49 cents a share, compared with $25 million, or 18 cents a share, in the year-ago period. Adjusted earnings were 72 cents a share. Revenue rose to $458 million from $439 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 48 cents a share on revenue of $469.1 million.

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