priceline.com Incorporated (NASDAQ: PCLN) has managed to beat its earnings expectations. Gross travel bookings were $4.96 billion and that generated $225.7 million in income. Adjusted earnings came to $5.37 in earnings per share outside of items and the Thomson Reuters consensus target was $5.05 EPS.
The online travel giant is targeting first quarter adjusted earnings of $3.80 to $3.90 per share against estimates from Thomson Reuters of $3.72 EPS.
Gross travel bookings in the first quarter are expected to rise 10% while total gross travel bookings are expected to be up 33% to 38% due to a 41% to 46% growth in international travel bookings.
The news was good enough so far. Shares are up over 4% at $617.00 in the after-hours after closing at $591.52. Go ahead and count that as a 52-week high if these gains stay on the books. The prior 52-week range was $411.26 to $597.00 since the stock hit a 52-week high today.
It seems that the question to ask is “What currency woes?”
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
