Priceline Climbs on Q4 Earnings News
Online travel company Priceline.com (NASDAQ: PCLN) released its fiscal fourth-quarter earnings results on Tuesday after the closing bell. In after-hours trading, shares rallied around 4% to above $700.
The company reported net income of $288.66 million or $5.63 per share, compared to $225.72 million or $4.41 per share, in last year's fourth-quarter.
On an adjusted basis, the company's net income for the period was $348.54 million or $6.77 per share, from $276.77 million or $5.37 per share, last year. This came in ahead of Wall Street consensus EPS estimates of $6.54.
Total sales in the period were $1.19 billion from $990.77 million in the year ago period. This was in-line with Wall Street revenue expectations.
Looking ahead to the first quarter, Priceline said that it expects EPS to come in between $4.12 and $4.52. Adjusted earnings per share are expected to be between $4.90 and $5.30. Currently analysts have consensus EPS estimates of $5.14 for the fiscal first-quarter.
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