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)
Recent news on Trip.com
See all newsChina regulators to meet with major banks on optimizing stock buyback relending policy
Brief: HBX Group Signs Strategic Partnership With Trip.Com Group
Hotel groups target Syria for tourism as it rebuilds from rubble of civil war
China's Golden Week travel surge masks cautious consumer spending
Trip.com's Hong Kong shares slip most in two weeks on second-quarter net loss