Courtesy of Benzinga.
Shares of Priceline.com (NASDAQ: PCLN) are trading higher in the after-hours following the release of the company’s Q4 earnings results. Currently, shares are higher by 4.73%, trading at $619.53; they ended the regular session higher by 0.19%, at $591.54.
Priceline.com reported Q4 EPS of $5.37 on revenues of $990.8 million. Revenues increased 35.5% year over year.
“The Priceline Group experienced a strong 4th quarter for our travel reservation services,” said Jeffery H. Boyd, President and Chief Executive Officer of the Priceline Group.
“Globally, the Group grew room night reservations by 53% as compared to 47% in the 3rd quarter. We believe that each of our brands, Booking.com, Agoda and priceline.com, gained share in the retail hotel room reservations market, while our Name Your Own Price hotel business in the United States continued to be impacted by increased competition in the discount market.”
The company sees Q1 EPS in the range of $3.80-3.90 with gross travel booking coming in at up 33-38%. Revenues are expected to be up 22-27%.
Priceline.com Incorporated is a global online travel company that offers its customers a range of travel services, including the opportunity to purchase hotel room reservations, car rentals, airline tickets, vacation packages, cruises and destination services in a price-disclosed manner.
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