The Priceline Group (PCLN) PT Trimmed to $1360 at Evercore ISI
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Priceline (PCLN) Q3 was Disappointing Because Expectations were Lofty - Cowen
November 10, 2015 7:37 AM ESTIn a Q3 where hotel industry occupancy growth y/y was stable compared to Q2 at +3% in Europe, +1% in the Americas, and + 1% in APAC and Expedia organic room nights stayed was also stable at +28%, Priceline's (NASDAQ: PCLN) y/y room nights booked growth slowed by 400 bps vs. Q2.
The company announced that after Q4 it... More
The Priceline Group (PCLN) PT Trimmed to $1700 at RBC Capital
November 9, 2015 1:26 PM ESTRBC Capital analyst Mark S. Mahaney trimmed his price target on The Priceline Group (NASDAQ: PCLN) to $1,700.00 (from $1,725.00) following a 'beat and lower' quarter but maintained a Outperform rating.
The keys to the quarter, according to Mahaney: (1) Organic Growth Trends Slipping, Tho Still... More
The Priceline Group (PCLN) Tops Q3 EPS Expectations
November 9, 2015 7:17 AM ESTThe Priceline Group (NASDAQ: PCLN) reported Q3 EPS of $25.35, $1.12 better than the analyst estimate of $24.23. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.05 billion.
The Priceline Group delivered strong growth and operating results during its high travel season, said Darren Huston, President and CEO of The Priceline Group. Globally, our accommodation business booked a record 116 million room nights in the 3rd quarter, up... More
