Tag Archives: pcln

Priceline May See Upside To Q2 Earnings Expectations

Some analysts see a high potential for upside to Wall Street expectations when Priceline Group (PCLN) reports second-quarter earnings before the market opens on Monday, based on positive industry trends and Web traffic data. The consensus estimate of 26 analysts polled by Thomson Reuters is for the online travel agency to post earnings of $12.04 a share, excluding stock-based compensation, up 24% from $9.70 a share in the year-earlier quarter, on

Ctrip Investment Gives Priceline Leg Up In China

Ctrip.com International stock surged more than 10% in midday trading in the stock market today. The surge comes after Priceline Group said late Wednesday that it’s expanding its partnership with Ctrip, China’s largest Web travel agency, by investing $500 million, giving Priceline as much as a 10% stake in Ctrip. Priceline (PCLN) also said that it will get the right to appoint an “observer” to Ctrip.com ‘s (CTRP) board based on the transaction.

Priceline Buying Ctrip Stake In Big China Travel Bet

Online travel agency Priceline Group (PCLN) plans to invest $500 million in Ctrip.com International, expanding its partnership with China’s largest online travel company as travel in China booms. The two companies have been commercial partners since 2012, and the new agreement will further push cross-promotion between the two sites and give customers access to a wider array of hotel inventory. Priceline could hold up to 10% of Ctrip.com