Priceline.com (PCLN) gains on summer sales boost
By Mark Moneymaster
November 10, 2009 10:48 AM
November 10, 2009 10:48 AM
Symbols: PCLN
Online travel agency Priceline.com (NASDAQ: PCLN) posted a higher quarterly profit following a spike in bookings during a "strong" summer travel season.
Priceline.com (PCLN) was amongst the early movers on Tuesday, as the stock soared by 17% to $203.05.
Earlier on Monday evening, the company said that its Q3 profit amounted to $319 million, or $6.42 per share, compared with $84.5 million, or $1.74 per share, a year earlier.
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