Dallas, Texas 07/26/2013 (Financialstrend) – The shares of Tripadvisor Inc (NASDAQ:TRIP) had been gaining sharply in the markets after the company had made announcements on the earnings for the company for the second quarter of fiscal year 2013. The company had managed to present robust results for the quarter that ended on June 30, 2013 and had thereby bet down the expectations of the analysts on the company’s earnings. Trip Advisor had reported the non GAAP adjusted earnings per share for the stock to be at $0.52 per share, which was reported in the earnings release made after the close of the market on Wednesday. This was higher compared to the non GAAP adjusted earnings at $0.41 per share reported for the same quarter of previous year.
This effective gain in the earnings and net profits reported by the company had boosted investor confidence to flock on to the share and the share prices had thereby touched new peaks during the trading session on Thursday. It is further expected that the stock would post significant surge in prices in the near future owing to the strong performance of its business operations in the recent quarter.
The stock of Tripadvisor Inc (NASDAQ:TRIP) gained by 16.29% on Thursday and thereby reported a closing price of $71.10 per share for the day. The company had reported an intraday low price of $68.71 and intraday high price of $72.26 on Thursday. The 52 week low price of the stock is at $28.63 and 52 week high price of the stock is at $72.26 per share. Presently there are 142.91 million shares in the market and the institutional holding is at 85%. The stock had a trading volume of 5.50 million shares on Thursday and the average trading volume of the company is at the level of 1.72 million shares per day.