Profit disappointment trips up TripAdvisor
TripAdvisor Inc., the online travel- recommendation service spun off from Expedia Inc. in December, tumbled 15 percent after at least three analysts downgraded the stock. The shares dropped to $29.34 at the close in New York. The stock had the biggest percentage decline in the Standard & Poor’s 500 Index. Herman Leung, an analyst at Susquehanna International Group, downgraded TripAdvisor to “neutral’’ from “positive.’’ Benchmark Co. and Lazard Capital Markets analysts also cut their ratings. The Newton, Massachusetts-based travel service yesterday reported fourth-quarter profit excluding some costs that missed the average analyst estimate, data compiled by Bloomberg show.