Business

mass. movers

TripAdvisor soars after revenue jumps

Newton-based TripAdvisor was spun off from Expedia Inc. in 2011.

Newton-based TripAdvisor was spun off from Expedia Inc. in 2011.

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It was a so-so day for stocks, but TripAdvisor was flying high. The online travel company gained 7.2 percent after its quarterly results led RBC Capital Markets to upgrade the stock to “outperform” and raise its target price to $95. TripAdvisor said revenue jumped more than analysts expected to $212.7 million, down 16.6 percent sequentially but up 25.5 percent from a year earlier. Net profit of $20.3 million compared with $33.6 million in the year-before quarter. Adjusted profit was $30.5 million, in line with estimates.

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