Priceline (PCLN) stock was down 1.5% in midday trading in the stock market today after FBR issued a report that said the Web travel agency’s core Booking.com hotel bookings business might be “reaching a state of relative maturity.” An FBR Booking.com survey, which tracks the individual properties listed on Priceline’s Netherlands-based unit, found that the number of hotels listed on Booking.com’s website is slipping even as the number of
Priceline leveraged gains across its online travel products to produce first-quarter results that beat Wall Street estimates on Thursday. But its earnings-per-share outlook for the current quarter lagged due to poor weather affecting travel earlier in the June quarter. The company’s Q1 report got a cool reception from investors. The stock fell 2% to 1,108, but had been down as much as 4% earlier in the trading session. Priceline Group (PCLN) has
The Priceline Group (PCLN) had good and bad news for investors when it released its first-quarter report before the market opened Thursday. While the online travel company reported first-quarter numbers that beat analyst estimates, its earnings outlook for the current quarter fell below views due to foul weather earlier this year, says one analyst. Priceline’s shares rose by nearly 1% in early trading Thursday on the stock market today. In the