Online travel names head south in response to Priceline's soft Q3 guidance. EXPE -3.2% AH. TRIP -6.3%. Of particular concern is Priceline's guidance for a 12%-20% Y/Y increase in international gross bookings (heavily tied to Europe), which is well below Q2's 33%, not to mention Q1's 54%. Also, guidance for Q3 revenue growth of 9%-15% isn't close to a 24% consensus. OWW and TZOO could also be under pressure tomorrow. PCLN -15.4% AH. The CC has started (webcast).
Online travel names head south in response to Priceline's soft Q3 guidance. EXPE -3.2% AH. TRIP...
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