Priceline (PCLN) Tops Q2 EPS by 49c; Guides Q3 EPS Below Expectations
Get Alerts PCLN Hot Sheet
Financial Fact:
Cost of revenues: 101.49M
Today's EPS Names:
CPSS, HARL, MCET, More
Join SI Premium – FREE
Priceline (Nasdaq: PCLN) reported Q2 EPS of $12.51, $0.49 better than the analyst estimate of $12.02. Revenue for the quarter came in at $2.12 billion versus the consensus estimate of $2.15 billion..
Second quarter gross travel bookings for The Priceline Group, which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by its customers, were $13.5 billion, an increase of 34% over a year ago (approximately 32% on a local currency basis).
The Priceline Group said it was targeting the following for 3rd quarter 2014:
• Year-over-year increase in total gross travel bookings of approximately 19% - 29% (an increase of approximately 18% - 28% on a local currency basis).
• Year-over-year increase in international gross travel bookings of approximately 22% - 32% (an increase of approximately 21% - 31% on a local currency basis).
• Year-over-year increase in domestic gross travel bookings of approximately 10% - 15%.
• Year-over-year increase in revenue of approximately 15% - 25%.
• Year-over-year increase in gross profit of approximately 21% - 31%.
• Adjusted EBITDA of approximately $1.265 billion to $1.365 billion.
• Non-GAAP net income per diluted share between $19.60 and $21.10. (The Street sees EPS of $21.28.)
For earnings history and earnings-related data on Priceline.com, Inc. (PCLN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- VinFast Auto (VFS) posts significant revenue miss, wider earnings loss in Q1
- TripAdvisor (TRIP) PT Raised to $28 at Citi
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Hot ListRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!