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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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September 29, 2014
17:08 EDTPCLNPriceline reports 5.84% stake in Ctrip.com
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September 22, 2014
12:11 EDTPCLNTripAdvisor sinks after data breach at just acquired unit
Shares of TripAdvisor (TRIP) are falling after the company's Viator unit reported today that it had experienced a data breach. TripAdvisor operates websites with information about travel destinations and flights. Viator, whose acquisition by TripAdvisor closed in August, features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers, TripAdvisor has stated. WHAT'S NEW: Viator stated that it was informed on September 2 that unauthorized charges had been made on a number of its customers' credit cards. The data breach that the unit experienced could affect payment card data that was used to make bookings through the unit's websites, according to Viator. Moreover, customers' email addresses and their passwords and user names for Viator may have also been compromised. About 880,000 customers may have had their payment card information compromised, while about 560,000 customers' Viator account information and e-mail addresses may have been affected, the unit reported. WHAT'S NOTABLE: The breach at Viator comes in the wake of large data breaches at a number of bellwether companies in recent months, including JPMorgan (JPM) and Home Depot (HD). Late last year tens of thousands of payment card data was stolen from Target (TGT). PRICE ACTION: In late morning trading, TripAdvisor sank 5.5% to $93. Others names in the online travel space are falling, with Priceline.com down 3% and Expedia down 2%. :the

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