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Stock Market & Financial Investment News

News Breaks
August 8, 2014
11:44 EDTPCLNEarnings Preview: Analysts expect Priceline to exceed Q2 expectations
Online travel company Priceline (PCLN) is scheduled to report second quarter earnings before the market open on Monday, August 11, with a conference call scheduled for 7:30 am ET. The company offers room reservations at nearly 300,000 hotels worldwide. EXPECTATIONS: Analysts are looking for earnings per share of $12.04 on revenue of $2.15B, according to First Call. The consensus range for EPS is $11.62-$12.93 on revenue of $2.09B-$2.42B. LAST QUARTER: Priceline reported first quarter EPS of $7.81 against estimates for $6.92 on revenue of $1.64B against estimates for $1.63B. The company gave Q2 guidance of $11.22-$12.02 and Q2 revenue growth of 19%-29%. It also expected Q2 to increase in total gross travel bookings of 22%-32%. NEWS AND STREET RESEARCH: The company announced in June that it agrees to acquire OpenTable for $103 per share, or $2.6B, and expects the deal to be slightly accretive to FY14 EPS. It sees plenty of room to grow OpenTable to justify the price it paid, adding that OpenTable's payment solution definitely factored in their purchase. Following the purchase, Piper Jaffray said the company will continue to extend into more related categories and believes the merger is synergistic in multiple ways. JMP Securities adds that the acquisition is "highly strategic". FBR Capital said Priceline's latest property count for Booking.com show strong Q2 growth and points to potential earnings upside. Piper Jaffray also said that industry data points to strong Q2 for online travel names, with Priceline specifically with the potential for upside. Ahead of earnings, JMP Securities said Priceline's Q2 results should surpass expectations boosted by a healthy global travel market. PRICE ACTION: Over the last three months, Priceline shares are up about 15%. In afternoon trading on Friday, shares were down 0.9% to $1,273.69.
News For PCLN From The Last 14 Days
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July 30, 2015
19:35 EDTPCLNOn The Fly: After Hours Movers
UP AFTER EARNINGS: YRC Worldwide (YRCW), up 17.7%... SkyWest (SKYW), up 11.5%... Zeltiq Aesthetics (ZLTQ), up 9%... Columbia Sportswear (COLM), up 11%... Expedia (EXPE), up 7.9%... Ellie Mae (ELLI), up 7%... Comfort Systems (FIX), up 6.2%... DigitalGlobe (DGI), up 5%... Fiesta Restaurant Group (FRGI), up 8%... Amgen (AMGN), up 1.9%. ALSO HIGHER: Juno Therapeutics (JUNO), up 1.7% after getting FDA clearance for IND application for JCAR015... Priceline (PCLN), up 1.5% following Expedia's quarterly results... Coca-Cola Enterprises (CCE), up 9.6% after the Wall Street Journal reported that the company is in advanced talks with Coca-Cola bottlers... Endurance Specialty (ENH), up 2.6% after being added to the S&P MidCap 400. DOWN AFTER EARNINGS: Oculus (OCLS), down 17%... Computer Programs (CPSI), down 11.9%... Outerwall (OUTR), down 9.2%... FireEye (FEYE), down 5.2% after reporting quarterly results and that CFO Michael Sheridan intends to leave the company... Hanesbrands (HBI), down 8.5%... Solazyme (SZYM), down 8.8%... Boston Beer (SAM), down 5.2%... Ocwen Financial (OCN), down 10.7%... LinkedIn (LNKD), down 4.5%... Electronic Arts (EA), down 3.2%.
July 27, 2015
06:03 EDTPCLNPriceline implied volatility of 41 at upper end of index
July 21, 2015
08:29 EDTPCLNPriceline price target raised to $1,435 from $1,380 at Oppenheimer
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July 17, 2015
12:05 EDTPCLNEtsy surges after Google says 'deep links' driving traffic boost
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