Shares of priceline.com Incorporated (PCLN) ended the week on a strong note. Shares rose more than 8% on Friday after the online travel company reported its third quarter results on Thursday after the close.
First Quarter Results
Priceline.com reported third quarter revenues of $1.70 billion, up 17.4% on the year. Gross bookings rose 25.2% to $7.83 billion, and were up 34% on a local currency basis. Priceline comfortably beat the analysts consensus of revenues of $1.65 billion.
Priceline reported operating profits of $756 million, up 22.6% on the year. Net income applicable to shareholders came in at $597 million, or $11.66 per diluted share. Non-GAAP earnings per share came in at $12.40 per share, which beat analysts consensus by $0.59 per share.
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