Priceline.com Thrives on Earnings (PCLN)
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?”