Inside PCLN’s Results
The company reported earnings of $451.83 million, or $8.56 per share, up from $378.08 million, or $7.14 per share, a year ago. Excluding special items, earnings were $10.85 per share – above analysts’ view of $10.10 per share.
Revenue increased to $1.84 billion from $1.54 billion. Analysts expected to see $1.80 billion in revenue.
Looking forward to the first quarter, PCLN expects to see EPS between $5.25 and $5.80 per share. Adjusted earnings are expected to be between $7.20 and $7.75 per share. Analysts expect to see Q1 EPS of $8.52.
Growing With Acquisitions
Priceline has also benefited from strong international sales. The company currently obtains 70% of its revenue from outside of the U.S. Priceline expects international revenue to grow by 2%-9% in the first quarter.
Mutual Funds to Watch
|PRGFX||T. Rowe Price Growth Stock||2.20%|
|VTSMX||Vanguard Total Stock Market Index||1.72%|
The Bottom Line
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