After closing down nearly 1%, shares of Priceline.com Inc (NASDAQ:PCLN) are climbing more than 2% higher in late trading. The company reported net income above Wall Street’s expectations for the second quarter. Net income for the entertainment company rose to $469.5 million ($9.43 per share), compared to $223 million ($4.41 per share) in the same quarter last year. This is a more than twofold rise from the year earlier quarter. Shares of Expedia Inc (NASDAQ:EXPE) are also higher on the news, while Ctrip.com (NASDAQ:CTRP) closed down about 1.25%.
Investing Insights: Priceline.com Inc. Earnings Cheat Sheet: Profit Up.
American Express (NYSE:AXP) is not seeing a slow down this holiday season. The credit card company’s latest survey found that US shoppers expected to spend nearly $830 on gifts, compared to $710 last year. Shares are edging .80% higher in after market activity, while Mastercard (NYSE:MA) and Visa (NYSE:V) remain flat.
Demand Media (NYSE:DMD) came in with less losses than expected. The company reported a loss of $4.1 million (5 cents per share) vs. a loss of $300,000 (64 cents per share) the year earlier. Revenue rose 25% to $81.5 million from the year earlier quarter. Dig Deeper: Demand Media Inc. Earnings Cheat Sheet: Loss Narrows.
CareFusion Corp (NYSE:CFN) is slightly lower after reporting a profit boost in earnings. Net income for Carefusion Corporation rose to $67 million (30 cents per share), compared to $38 million (17 cents per share) in the same quarter a year earlier. This marks a rise of 76.3% from the year earlier quarter. Competitors to watch include: Teleflex Incorporated (NYSE:TFX), Cardinal Health, Inc. (NYSE:CAH), and Stryker Corporation (NYSE:SYK).