Trip.com (TCOM) Sees Pre-Market Gain on Strong Q3 Performance

Dec 02, 2024

Trip.com (TCOM, Financial) shares rose 1.16% in pre-market trading, reaching $65.4. Recent analysis from Guotai Junan highlights that Trip.com's third-quarter results exceeded expectations. Despite a high comparison base, the company maintained stable revenue growth and demonstrated effective cost control. The report attributes these achievements to improved market conditions and enhanced operational efficiency.

As a result, the firm has revised its adjusted net profit forecasts for Trip.com for 2024 to 2026, projecting 17.946 billion, 20.799 billion, and 24.445 billion RMB, respectively.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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