Keep Your Eyes on Stock News: Trip.com Group Limited (NASDAQ:TCOM)

On Wednesday Trip.com Group Limited (NASDAQ:TCOM) traded with change of -3.02% on volume of 4622753 shares in the last session as compared to average volume of 4283743 shares. During last trade its minimum price was $32.36 and it gained highest price of $33.7. TCOM has total market capitalization of $18192841150. Its closing value stands at $32.75.

On Nov. 13, 2019, Trip.com Group Limited (NASDAQ:TCOM) a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services, released its unaudited financial results for the third quarter ended September 30, 2019.

Key Highlights for the Third Quarter of 2019

  • The Company officially changed its corporate name to Trip.com Group Limited on October 25, 2019 and its ticker to TCOM on November 5, 2019. Trip.com Group operates a family of travel brands, which mainly consists of Trip.com, Ctrip, Skyscanner and Qunar.
  • com Group reported strong financial results for the third quarter of 2019.

– Income from operations increased by 52% year-over-year to RMB2.2 billion (US$314 million). Excluding share-based compensation charges, non-GAAP income from operations increased by 40% year-over-year to RMB2.6 billion (US$369 million) in the third quarter of 2019.

– Operating margin was 21% for the third quarter of 2019, compared to 16% in the same period in 2018, and 15% in the previous quarter. Excluding share-based compensation charges, non-GAAP operating margin reached 25%, the highest margin over the past 6 years.

Leave a Reply

Your email address will not be published. Required fields are marked *