Priceline (PCLN) continues to astound and amaze - this is the one that 'got away' for me the past few years as I sold down in the $200s a few years back thinking the run was overdone. Ouch. This is now a truly international story and it continues to perform in excellent fashion. Tonight another beat: $9.95 v $9.30 on the bottom line. Revenue was a slight beat but still 45% growth! However, the stock is taking some small damage after hours as the company guides a tad light, but PCLN has been surpassing all their guidances for a few years now so it's probably just lowballing.
Technically, the stock has been basing since April - consolidating a massive move from the prior few years. As always, the longer the base, the bigger the move once it breaks out. The only question is direction.
Full report
here.
Guidance
- Priceline predicted fourth-quarter earnings of $4.90 to $5.00 per share, which is below analysts' average forecast for $5.13. .
- Priceline predicted a year-over-year increase in travel bookings of 39 percent to 44 percent for the fourth quarter.
EDIT 4:23 PM - stock is already back to flat as bargain hunters jump in.
No position
