The Priceline Group (PCLN) Tops Q1 EPS by 88c; Q2 Guidance Below the Street

The Priceline Group (NASDAQ: PCLN) reported Q1 EPS of $10.54, $0.88 better than the analyst estimate of $9.66. Revenue for the quarter came in at $2.15 billion versus the consensus estimate of $2.12 billion.

GUIDANCE:

The Priceline Group sees Q2 2016 EPS of $11.60-$12.50, versus the consensus of $14.98.

"The Priceline Group delivered strong top line growth and attractive margins in the first quarter,” said Jeffery H. Boyd, Chairman and Interim Chief Executive Officer of The Priceline Group. "Growth in room night reservations of 31% reflects continued solid execution in the market for global travel.”
Looking forward, Mr. Boyd said, "The Group is looking forward to continued investments in product, service and branding that will drive long-term growth for our leading brands."

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

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