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Wednesday, May 9, 2012

Earning Alert - Priceline (PCLN): Q1 EPS of $4.28 beats by $0.33. Revenue of $1B (+28% Y/Y) misses by $40M. - 5/9/12

Priceline (PCLN): Q1 EPS of $4.28 beats by $0.33. Revenue of $1B (+28% Y/Y) misses by $40M.  

Priceline (PCLN): Q1 comes in mixed, beating on a per share basis but missing slightly on revenue. Net profit jumped 74% Y/Y on strength in its international hotel bookings. The company also guided Q2 profit to the lower-end of estimates, now seeing an EPS of $7.20 - $7.40 with revenue growth between 18% and 23%. Street estimates were for an EPS of $7.37 on revenue growth of 26%. Shares -2.45% AH.


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