Priceline.com Incorporated (NASDAQ: PCLN) is set to report its quarterly earnings after the close. This will be an interesting report as currency fluctuations could have greatly impacted the quarterly report. Well over half of the profits are deemed to be profits from overseas operations.
Thomson Reuters has estimates of $5.05 EPS and $967.9 million in revenue. Next quarter estimates are $3.72 EPS and $1.01 billion in sales.
Our take is that investors are going to focus on the company migrating into an online travel giant which is moving into the category of $1 billion in revenues and over each and every quarter ahead.
At $592.80, the 52-week trading range is $411.26 to $595.84. The company is now worth some $29.5 billion in market capitalization.
JON C. OGG
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