Home  »  Trendy Stocks   »  Trip.com Group Ltd. (TCOM) Stock Leaping Forward i...

Trip.com Group Ltd. (TCOM) Stock Leaping Forward in Premarket, Here’s Why

Trip.com Group Ltd. (TCOM), a travel service provider, has soared 7.29% in the premarket trading session. As a result, TCOM stock was trading at $25.77 when last checked. During Wednesday’s regular trading session, the stock nominally slid by 0.66% to close the day at$24.02. The stock is on the rise in the premarket owing to the announcement of strong financial results.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored

Q4 2021 Financial Results

On Tuesday, after the closure of the market, TCOM announced the unaudited results for the fourth quarter of the fiscal year 2021. The net revenue generated during the said period was $735 million, depicting a 6% decline compared to the same quarter of the preceding year. The cost of revenue reached $176 million after increasing by 23%. The net loss is attributable to the shareholders of the company $131 million versus the net income of $160 million generated during Q4 2020.

FY 2021 Financial Results

Alongside, TCOM also announced the results for the full year 2021. The reported net revenue for the fiscal year 2021 was $735 million, a decrease of 6% compared to fiscal 2020. The cost of revenue for the full year 2021 increased by 14% compared to 2020 to reach $721 million. The net loss suffered by the shareholders of the company was $86 million versus a net loss of $500 million suffered during the fiscal year 2020.

Comments from TCOM CEO

Jane Sun, Chief Executive Officer of TCOM, commented that the company has been able to deliver outstanding performance during the fourth quarter despite the capriciousness the industry endured during the period. The company is best adapting to these volatile conditions which are depicted by the strict cost control measures which are in place. An increase in customer base is also an agenda on the company’s priority list.

What’s Ahead for TCOM?

Analysts are holding a negative evaluation of the stock at the moment. The technical indicators are pointing to a grim future for TCOM stock. Hence, it is expected to perform weakly in the next couple of weeks.

Leave a Comment

Your email address will not be published.

Related Posts