Priceline Q3 Greeted With Unreserved Enthusiasm

Fresh on the heels of positive earnings reports from rivals Orbitz and Expedia, online travel agency Priceline posted Q3 results today that, excluding one-time items, handily topped analysts’ forecasts. Revenue jumped 37 percent to $1 billion, and gross bookings climbed 47 percent, largely on the strength of its hotel business. The company’s Q4 outlook was also better than expected, and the stock–which has been on a nice run since July–jumped almost 6 percent in after-hours trading.