Priceline Nears $1 Billion Hurdle in Quarterly Sales Ahead (PCLN)
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…
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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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
