The Priceline Group (PCLN) Tops Q3 EPS by $1.86, Takes $941M Impairment Charge on OpenTable

The Priceline Group (NASDAQ: PCLN) reported Q3 EPS of $31.18, $1.86 better than the analyst estimate of $29.32. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.62 billion.

• Net income in the 3rd quarter was $506 million, a 58% decrease versus the prior year. Net income was $10.13 per diluted share, a 57% decrease as compared to the prior year. Net income and net income per diluted share for the 3rd quarter were negatively impacted by a non-cash charge of $941 million relating to an impairment of OpenTable's goodwill.

GUIDANCE:

The Priceline Group sees Q4 2016 EPS of $12.20-$12.80, versus the consensus of $12.93.

For earnings history and earnings-related data on The Priceline Group (PCLN) click here.

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