Investing

Priceline.com Thrives on Earnings (PCLN)

Jon C. Ogg

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?”