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Priceline roundup: New CEO, bookings strong, guidance below estimates

  • Priceline (PCLN) reports total bookings rose 27%-34% Y/Y in Q3 as international bookings outpaced domestic bookings.
  • The company sees Q4 EPS of $7.80 to $8.30 to fall short of the consensus estimates of analysts of $8.35.
  • Darren Huston is named the new President and CEO to replace Jeffrey Boyd who will remain Chairman.(PR)
  • PCLN -2.4% AH
Comments (1)
  • Vale beats on revenue, earnings, guidance and lowers cash costs per ton of iron ore, therebye increasing gross margins and the stocks plummets 5%. Priceline beats, but foreward guidance is down, margins being pressured and earnings will decline next quarter and the stock jumps after hours.. Twitter is worth 24billion, but shares outstanding only represent 14% of the company, so were really at 171 Billion for Twitter and they do not earn a penny in profit. Priceline worth 55 Bil, Facebook @115Bil. Priceline is twice as much as HP. Facebook is worth as much as Intel, but the revenue model for these companies is suspect. If Twitter paste adds on its app, it will diminish the capacity of the service and fewer people will use it. While Facebook has the greatest MOAT, it is now losing customers due to privacy and revelations regarding NSA access to Facebook datacenters. I for one, am reaching a point where I may turn off my Facebook account. It is causing a loss of privacy, a loss of productivity and a loss of interpersonal skills for generations of users. Definitely short twitter and short Priceline!
    8 Nov 2013, 09:10 AM Reply Like
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