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$TRIP's 4Q15 Hotel revenue growth was 4% or approx. 8% in constant currency and adjusted EBITDA margin was 37%. Other segment revenue growth normalized to 32% in 4Q15 as the company fully lapped its 2014 acquisitions. Adjusted EBITDA margins were negative 16% due to Other segment's high revenue seasonality.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.