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Priceline Q3 Greeted With Unreserved Enthusiasm

Published on November 8, 2010
by Voices

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.

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