Priceline (PCLN) Tops Q2 EPS by 49c; Guides Q3 EPS Below Expectations

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.

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• United Security Bancshares (UBFO) Reports Q1 EPS of $0.24
• Community West Bancshares (CWBC) Tops Q1 EPS by 7c