Booking Holdings, Formerly Priceline, Reports Fourth-Quarter Earnings Beat [Investor's Business Daily]
THE PRICELINE GROUP INC COMMON (PCLN)
US:NASDAQ Investor Relations:
ir.pricelinegroup.com/events.cfm
Company Research
Source: Investors Business Daily
Booking Holdings ( BKNG ), which changed its name from Priceline Group last week, reported fourth-quarter earnings after the market close on Tuesday that beat on the top and bottom lines. Booking reported revenue of $2.8 billion, beating the consensus estimate of $2.7 billion. It reported adjusted earnings of 16.86 per share, beating the consensus of $14.12, as polled by Zacks Investment research. Booking shares were up 3%, near 1,965, during after-hours trading on the stock market today . Booking reported gross travel bookings of $18 billion, topping the consensus of $17.3 billion. Priceline changed its name to reflect the largest of the six main properties, Booking.com. That site averages more than 1 million bookings per day, the company said.
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