Priceline Surges On Strong Results

Priceline Group Inc PCLN reports Q3 EPS of $31.18, beating the Street’s consensus of $29.32
Revenue of $3.69 billion comes in ahead of expectations for $3.62 billion.
Management guided for Q4 adjusted EPS of $12.20 to $12.80, below estimates of $13.57.
Adjusted EBITDA is expected in the $755 million to $795 million range.
The company’s accommodation business booked 150 million room nights in the quarter, up 29 percent year-over-year.
The firm’s interim CEO, Brett Keller, has been named Chief Executive Officer of Priceline.com, and will respond to the company’s Interim CEO and Chairman of the Board Jeffery H. Boyd.
Shares of Priceline were trading up about 4.4 percent at $1,545 in Monday’s after-hours session.

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