Priceline Beats Convincingly on Q4 EPS, Revenue

The people of the world are traveling more, a trend that is benefiting one of the two big publicly traded online travel agencies: Priceline Group (NASDAQ: PCLN). The company released strong fourth quarter and 2016 results after the closing bell Monday that indicated robust growth, although its profitability guidance fell short of expectations. For the quarter, Priceline’s total revenue increased by 17% on a year-over-year basis to $2.35 billion, on gross travel bookings that zoomed 26% higher to $15.1 billion. …read more

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