Priceline.com Inc. (PCLN) Stock Soars on Strong Earnings
Shares in online travel company Priceline.com Inc. surged more than 14 percent in after-hours trading Thursday after it said its third-quarter profits jumped on tax benefits and strong European sales.
The company said it earned $104.4 million or $2.27 per share, compared to $47.8 million or $1.05 per share in the same quarter last year.
Excluding stock-based compensation, amortization and other expenses, the company earned $71.5 million or $1.58 per share, compared to $30.2 million or 72 cents per share last year.
Revenue increased 33 percent to $417.3 million.
Analysts on average, were expecting earnings of $1.28 per share on revenue of $387.5 million, according to a poll by Thomson Financial.
The company said it earned $104.4 million or $2.27 per share, compared to $47.8 million or $1.05 per share in the same quarter last year.
Excluding stock-based compensation, amortization and other expenses, the company earned $71.5 million or $1.58 per share, compared to $30.2 million or 72 cents per share last year.
Revenue increased 33 percent to $417.3 million.
Analysts on average, were expecting earnings of $1.28 per share on revenue of $387.5 million, according to a poll by Thomson Financial.
Labels: PCLN, Priceline.com Inc.
posted by Stock Administrator @ 9:49 AM
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