What happened Shares of Chinese travel-booking company Trip.com Group (NASDAQ: TCOM) went up on Friday, after the company reported unaudited results for the second quarter of 2020. As expected, revenue and earnings took substantial hits with people traveling less because of COVID-19. But financial results didn't decline as much as expected. This was taken as good news, sending the stock higher. As of 3 p.m. EDT, Trip.com stock was up 9%. Image source: Getty Images. So what In Q2, Trip.com's revenue plummeted 64% year over year to $448 million. According to management, this was due to ongoing global travel restrictions. In China, by contrast, domestic bookings for airfare and hotels recovered fully by August, giving hope that a worldwide travel recovery is on its way. Not surprisingly, Trip.com reported an operating loss for Q2. Its operating loss was $97 million, which included $70 million in stock-based compensation, leading to a non-GAAP (adjusted) loss of $0.27 per American depository share (ADS). As bad as it sounds, Wall Street was bracing for a non-GAAP loss of $0.43 per ADS. With results not "as bad" as feared, Trip.com stock keeps recovering. It's now down only 10% in 2020. TCOM data by YCharts Now what As cheerful as Trip.com management sounded about a global recovery in travel, third-quarter guidance paints a more somber picture. Revenue is expected to be down 47% to 52% as compared to the third quarter of 2019. This shows there's still a lot more recovery that needs to happen before this international stock is back to normal. 10 stocks we like better than Trip.comWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Trip.com wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Jon Quast has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source