Priceline.com Earnings: Here’s Why the Stock is Rising Now

priceline.com Incorporated (NASDAQ:PCLN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.17%.

priceline.com Incorporated Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.57% to $9.7 in the quarter versus EPS of $7.85 in the year-earlier quarter.

Revenue: Rose 26.62% to $1.68 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: priceline.com Incorporated reported adjusted EPS income of $9.7 per share. By that measure, the company beat the mean analyst estimate of $9.36. It beat the average revenue estimate of $1.66 billion.

Key Stats (on next page)…

Revenue increased 29.03% from $1.3 billion in the previous quarter. EPS increased 68.4% from $5.76 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $15.77 to a profit $15.86. For the current year, the average estimate has moved up from a profit of $38.84 to a profit of $39.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)