Tag Archives: pcln

Priceline Growth Is Slowing, FBR Capital Markets Says

Priceline Group (PCLN) stock fell Tuesday after FBR Capital Markets downgraded the online travel agency to market perform from outperform on signs of slowing growth. Priceline shares were down 1.5% to near 1,136 in afternoon trading on the stock market today. “Priceline remains a global leader with a solid competitive position in a category with appealing secular prospects,” FBR analyst Jake Fuller wrote in a report. “But it appears to be entering

Priceline Outlook Disappoints; TripAdvisor EPS Misses

Online travel stocks crashed Tuesday as a trio of companies posted earnings or gave guidance that lagged Wall Street expectations. Priceline (PCLN) started the damage early Tuesday, issuing disappointing guidance for the current quarter, partly on the currency and travel fallout from the Ukraine crisis. Late Tuesday, TripAdvisor (TRIP) reported third-quarter earnings that missed analyst earnings, while vacation home rental firm HomeAway (AWAY)

Priceline Stock Tumbles On Disappointing Outlook

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