Priceline.com Inc. (NASDAQ: PCLN) just posted non-GAAP EPS of $0.96 EPS on $334.9 million in revenues, while the estimates from First Call for the online travel company were $0.84 EPS on $329.3 million in revenues, and if you look below these are higher than mid-points of its guidance.
Its guidance for next quarter is pro forma EPS of $0.50 to $0.60 EPS and revenue growth of 30% translates to $391.3 million, while next quarter estimates are $0.53 EPS on $342.42 million in revenues.
As far as 2008 guidance, Priceline offered $4.80 to $5.10 pro form EPS, and estimates for fiscal Dec-2008 are $4.90 EPS on $1.69 billion in revenues.
The short interest may be playing part of this too as it has increased in each of the last two periods and was listed as 9.81 million shares on the last report, which is more than 4.5 days worth of trading volume.
Priceline closed down 2.6% to $102.23 in regular trading and shares are trading up almost 7% initially at $109.00 in after-hours trading. Its 52-week trading range is $48.75 to $120.67.
Jon C. Ogg
February 14, 2008
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
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 you build your plan to retire early. 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
