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Stock Market & Financial Investment News

News Breaks
February 21, 2014
11:29 EDTPCLN, OWW, EXPEpriceline.com advances after results beat expectations
Shares of online travel agency priceline.com (PCLN) are climbing after the company reported stronger than expected fourth quarter results last night. WHAT'S NEW: priceline.com's Q4 earnings per share and revenue both exceeded analysts' consensus estimates. However, the online travel agency provided first quarter EPS guidance of $6.35-$6.85, versus the consensus estimate of $7.19. It predicted that its revenue would jump about 15%-25% in Q1 versus the same period a year earlier. The company said that it would expand its ad campaign for its Booking.com website to additional markets and launch similar campaigns for other websites. The later start of Easter this year versus last year will hurt priceline.com's Q1 margins, the company stated. The company said it intends to increase its investments in personnel, offices and IT this quarter as it prepares for the peak travel season. ANALYST REACTION: Many research firms reacted to priceline.com's results and guidance by raising their price targets on the shares. Pacific Crest hiked its price target on the stock to $1,580 from $1,220, Benchmark Co. increased its target to $1,550 from $1,200, and Deutsche Bank raised its price target to $1,425 from $1,240. Pacific Crest kept an Outperform rating on the stock, while Deutsche Bank and Benchmark kept Buy ratings on the shares. OTHERS TO WATCH: Other online travel agencies include Orbitz Worldwide (OWW) and Expedia (EXPE). PRICE ACTION: In late morning trading, Priceline.com gained $47, or 3.7%, to about $1,330.
News For PCLN;OWW;EXPE From The Last 14 Days
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August 29, 2014
17:14 EDTOWWAmerican Airlines confirms that fares to return to Orbitz
American Airlines Group (AAL) announced that American Airlines fares will return to Orbitz (OWW) on Friday after the companies entered into a letter of intent. American Airlines Group also no longer plans to remove US Airways fares from Orbitz on Sept. 1 as previously announced. The companies are working toward final agreements based on the letter of intent. All tickets previously purchased through Orbitz and other Orbitz-powered websites remain valid for travel. Customers who want to change reservations bought through Orbitz should call Orbitz to make those changes.
16:40 EDTOWWStocks finish week higher after upbeat U.S. data reported
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16:01 EDTOWWOrbitz jumps at close after announcing deal with American Airlines
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16:00 EDTOWWOrbitz, American Airlines reach deal to return fares to sites
Orbitz Worldwide (OWW) announced that it had reached an agreement with American Airlines (AAL) to continue to offer American Airlines and US Airways flights on all of its sites. Consumers should see all available flights immediately. All tickets previously purchased on Orbitz Worldwide sites remain valid. "We are pleased that our long-standing relationship with American Airlines allowed us to quickly resolve business matters and that we continue to offer a broad range of options, including American Airlines and US Airways flights, to the millions of shoppers who book travel on our global sites each day," said Sam Fulton, president of Orbitz.com.
15:59 EDTOWWOrbitz says American Airlines back on sites
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August 26, 2014
16:22 EDTOWWOn The Fly: Closing Wrap
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16:20 EDTOWWOrbitz issues statement regarding American Airlines action
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16:14 EDTOWWOrbitz FY14 outlook at risk due to American dispute, says Cantor
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12:24 EDTOWWOn The Fly: Midday Wrap
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12:17 EDTOWWAmerican Airlines fares no longer available on Orbitz websites
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06:16 EDTPCLNPriceline implied volatility of 18 at lower end of index mean range
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August 25, 2014
08:44 EDTEXPEExpedia Q3 trends encouraging, says FBR Capital
FBR Capital believes that Q3 U.S. trends indicate that Expedia (EXPE) continues to generate healthy growth. The firm thinks that the company's room night growth and domestic ticket volume growth have accelerated slightly from June levels. FBR expects Expedia to benefit from a change in TripAdvisor's (TRIP) meta path. It keeps an Outperform rating on Expedia.
August 22, 2014
08:38 EDTOWW, PCLN, EXPETripAdvisor cut metasearch inventory in half, says FBR Capital
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