Priceline (PCLN) Q3 was Disappointing Because Expectations were Lofty - Cowen
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November 9, 2015 3:53 PM EST
Evercore ISI analyst Ken Sena lowered his price target on The Priceline Group (NASDAQ: PCLN) to $1,360.00 (from $1,400.00) following Q3 results which showed lighter booking growth.
Sena commented, "With 21M rooms now instantly bookable (14.4M hotels, 1.8M vacation rentals, and 4.8M multi-room unique properties), PCLN certainly offers scale and booking ease across most all accommodation classes, and of the 21mm bookabale rooms,... More
November 9, 2015 1:26 PM EST
RBC 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
November 9, 2015 7:17 AM EST
The 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
