Trip.com's US-listed shares slide after revenue outlook disappoints
BUZZ-Trip.com's US-listed shares slide after revenue outlook disappoints ** U.S. listed shares of China-based travel service provider Trip.com TCOM.O fall 12.8% to $39.21 in premarket trading
** Company reports Q1 adjusted EPS of 5.73 yuan (~84 cents) per share, below the 5.96 yuan reported a year ago - LSEG data** Co expects its Q2 net revenues to grow 3%-8% y/y which Jefferies says is below market expectations
** Co's Hong Kong shares hit 22-month low
** Mizuho cuts PT to $65 from $79, says co's forecasts reflect softer domestic, outbound demand amid geopolitical tensions
** New Street Research cuts PT to $60 from $79
** 28 out of 30 brokerages rate the stock 'buy' or higher, two hold; their median PT is $75.70 - LSEG data
** Up to last close, stock is down 35.6% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
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