Trip.com Group (TCOM) Beats Q1 Earnings & Revenue Estimates

Trip.com Group Limited (TCOM) reported splendid first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate and increasing on a year-over-year basis. The company surpassed its earnings estimates in each of the trailing four quarters.The results reflect solid growth trend in the company’s domestic and outbound travel demand in China on the back of a stabilized supply and further relaxation of visa requirements. This resulted in increased accommodation reservations and global b ...