Tag Archives: pcln

Priceline Q4 Earnings Coming At A Challenging Time

Facing heightened competition and an unfavorable foreign currency exchange rate, Priceline (PCLN) is expected to reveal slower earnings growth when it posts its Q4 earnings before the market open Thursday. The consensus estimate is for Priceline to report earnings per share minus items of $10.10, up 14% from the year-earlier period and down from 28% year-over-year growth in the previous quarter. Analysts polled by Thomson Reuters expect revenue to

Expedia Booking Positive Reviews For Orbitz Buy

Online travel booking service Expedia (EXPE) has earned positive reviews from analysts for its planned purchase of rival Orbitz Worldwide. On Thursday, Expedia announced its intent to buy Chicago-based Orbitz (OWW) for $1.6 billion. The move comes just three weeks after Expedia bought Travelocity for $280 million. The acquisitions will give Expedia more ammunition to compete with market leader Priceline Group (PCLN). Expedia’s purchase of Orbitz

Travelocity Energizes Expedia-Priceline Rivalry

Expedia’s purchase of Travelocity from Sabre for $280 million in cash last month represents a final exchange of wedding vows in what’s been a successful partnership between two online travel pioneers. The merger solidifies Expedia’s (EXPE) position in online travel, where it’s No. 1 in U.S. gross travel bookings but faces pitched competition from Priceline (PCLN). Priceline leads in overseas bookings and is allied with China’s Ctrip.com