Priceline Grounded By Q2 Outlook After Soaring In Q1

By | May 8, 2014

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Priceline leveraged gains across its online travel products to produce first-quarter results that beat Wall Street estimates on Thursday. But its earnings-per-share outlook for the current quarter lagged due to poor weather affecting travel earlier in the June quarter. The company’s Q1 report got a cool reception from investors. The stock fell 2% to 1,108, but had been down as much as 4% earlier in the trading session. Priceline Group (PCLN) has Scalper1 News

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