Priceline (PCLN) Q3 was Disappointing Because Expectations were Lofty - Cowen
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The Priceline Group Reports Financial Results for 3rd Quarter 2015
November 9, 2015 7:46 AM ESTNORWALK, CT, Nov. 9, 2015 /PRNewswire/ -- The Priceline Group Inc. (NASDAQ: PCLN) today reported its 3rd quarter 2015 financial results. Third quarter gross travel bookings for The Priceline Group (the "Group"), which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by its customers, were $14.8 billion, an increase of 7% over a year ago (approximately 22% on a constant currency basis).
The Group's gross profit for the 3rd quarter was $2.9 billion, a 12% increase from the prior year (approximately 29% on a constant currency basis). International... More
