Priceline Stock Tumbles On Disappointing Outlook

By | November 4, 2014

Scalper1 News

Priceline (PCLN) stock skidded more than 8% in morning trading on the stock market today after the online travel agency issued disappointing guidance for the current quarter on the adverse currency and the Ukraine crisis, but the company posted Q3 earnings that beat forecasts. Priceline’s Q3 sales also edged views, but the company sees trouble ahead. “The deterioration in European exchange rates is indicative of weakening economic conditions in Scalper1 News

Scalper1 News