Tripadvisor Stock Plunges 38%, No Sale and Q1 EPS $0.12 vs. Est. $0.02

Tripadvisor Inc. experienced a significant stock price drop, with shares plunging as much as 38% in pre-market trading. The sharp decline followed the company's announcement that it had ruled out a potential sale and reported a wider-than-expected loss for the quarter. Despite posting first-quarter earnings with adjusted earnings per share of $0.12, surpassing the estimated $0.02, and sales of $395 million slightly above the estimate of $394.86 million, the stock was adversely affected. The market reacted negatively to the news of no takeover and the financial disappointment, leading to a trading halt after shares fell by 36%.