— TripAdvisor (NASDAQ: TRIP) reported third-quarter 2019 earnings of $0.58 per share, vs. $0.69 per share expected.
— Net revenue fell 7% to $428 million, vs. $458.6 million expected.
— Announces cost structure evaluation, partnership with Trip.com Group Limited (NASDAQ: TCOM).
— Declares a special cash dividend of $3.50 per share.
— TRIP shares fell 4% immediately following the announcement.
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