trivago: shares jump after analyst meeting.
(CercleFinance.com) - Shares in trivago jumped after the German hotel search platform backed previous earnings expectations yesterday at an analysts' meeting in New York.
In a reaction note published this morning, analysts at Susquehanna International said the company maintained its 2017 guidance, continuing to expect year-on-year revenue growth of 36%-39%.
Regarding guidance, Düsseldorf-based trivago did not provide specific 2018 guidance, although Susquehanna said it provided some qualitative comments, aiming at positive year-on-year growth in revenue and positive EBITDA for the second half of 2018.
The Nasdaq-listed shares are currently up 4.4% at 6.95 dollars following these comments, after jumping up to 7.58 dollars at one point. The stock is still down 40% year-to-date.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In a reaction note published this morning, analysts at Susquehanna International said the company maintained its 2017 guidance, continuing to expect year-on-year revenue growth of 36%-39%.
Regarding guidance, Düsseldorf-based trivago did not provide specific 2018 guidance, although Susquehanna said it provided some qualitative comments, aiming at positive year-on-year growth in revenue and positive EBITDA for the second half of 2018.
The Nasdaq-listed shares are currently up 4.4% at 6.95 dollars following these comments, after jumping up to 7.58 dollars at one point. The stock is still down 40% year-to-date.
Copyright (c) 2017 CercleFinance.com. All rights reserved.