Priceline Group (PCLN), the world’s biggest Internet travel agency through its many websites, is expected to post strong bookings when it reports Q1 results after the close on Thursday, even as foreign exchange headwinds nick the company, which operates heavily in Europe. Priceline lets customers book hotels, airline tickets and rental cars and makes money from transaction fees. The business has expanded into China and Latin America. Priceline
Priceline calmed investor fears with Q4 earnings that flew past estimates and a boost to its stock buyback program, sending shares higher despite weak guidance. Helped by stronger-than-expected growth of bookings in Europe, Priceline (PCLN) early Thursday posted earnings per share minus items of $10.85. That was above the Wall Street consensus of $10.10 and up 23% from the year-earlier period. The world’s largest travel service company by bookings
Priceline (PCLN) reported better-than-expected fourth-quarter earnings and a new stock buyback program Thursday morning, sending its stock higher despite lower-than-expected guidance. The world’s largest travel service company by bookings reported earnings per share minus items of $10.85, above Wall Street consensus of $10.10 and up 23% from the year-earlier period. Revenue of $1.85 billion was up 19% and above the consensus estimate of $1.8