New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on PCLN;OWW;EXPE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 17, 2014
10:22 EDTOWWOrbitz Partner Network launches partnership with RIU Hotels
Subscribe for More Information
September 16, 2014
07:57 EDTEXPEFBN Securities to hold a tour
Subscribe for More Information
September 9, 2014
16:20 EDTOWWLazard Asset Management reports 7.05% passive stake in Orbitz
13:58 EDTPCLNStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use