1 posts and columns on travel bookings

Priceline Swoons Despite Strong Q2; Is Growth Slowing?

in News on August 5, 2008 at 3:29 pm PT

Priceline (PCLN) shares are down sharply in late trading, despite a strong Q2 financial report. For the quarter, Priceline posted revenue of $514 million and non-GAAP profits of $1.55 a share, nicely ahead of the Street at $495.7 million and $1.41. Gross travel bookings grew 71 percent, with 80.1 percent growth internationally, and 59.2 percent growth domestically.