priceline.com Inc Earnings: Here’s Why the Stock is Down 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 down 2.17%.

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priceline.com Incorporated Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 34.58% to $5.76 in the quarter versus EPS of $4.28 in the year-earlier quarter.

Revenue: Rose 25.52% to $1.3 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: priceline.com Incorporated reported adjusted EPS income of $5.76 per share. By that measure, the company beat the mean analyst estimate of $5.27. It beat the average revenue estimate of $1.28 billion.

Quoting Management: CEO Jeffery Boyd said,” Unit growth in the Priceline Group’s global hotel business held steady in the 1st quarter at 38% versus the prior year. International gross bookings growth of 43% in the 1st quarter reflects continued strong performance of our international brands around the world. Domestic gross bookings growth accelerated in the quarter with improving results in our hotel and rental car businesses, aided by the roll out last year of our Express DealsSM semi-opaque service […] Looking forward, Mr. Boyd said, “We continue to see economic uncertainty in certain regions, and competition in the online travel sector remains intense. We are encouraged by the solid growth our businesses are delivering globally and will continue our investments in people, marketing, geographic expansion, content and innovation to lay the foundation for future growth.

Key Stats (on next page)…

Revenue increased 9.35% from $1.19 billion in the previous quarter. EPS decreased 14.92% from $6.77 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 $9.24 to a profit $9.58. For the current year, the average estimate has moved up from a profit of $37.43 to a profit of $38.53 over the last ninety days.

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