RBC 'Incrementally Positive' on Priceline Group (PCLN) Following Q4 Results; Affirms at 'Outperform'
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Janney Capital Remains Sidelined on The Priceline Group (PCLN) Following a Strong 4Q
February 17, 2016 3:51 PM ESTJanney Capital reiterated a Neutral rating on The Priceline Group (NASDAQ: PCLN), and cut the price target to $1,275.00 (from $1,225.00), following the company's 4Q earnings report. PCLN reported 4Q15 revenue of $2B and adjusted EBITDA of $790M. This was above expectations for $1.96B and $751M. On the call, management... More
Expedia (EXPE) Gains on Back of Priceline Results
February 17, 2016 10:17 AM ESTExpedia (NASDAQ: EXPE) is having a solid morning, benefiting from strong results at peer Priceline (NASDAQ: PCLN). Shares of EXPE are up 5.9%, while PCLN is up 11.6%.
... MoreWall St. rallies for third session, led by energy shares
February 17, 2016 7:39 AM ESTBy Lewis Krauskopf
(Reuters) - U.S. stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.
Nine of the 10 major S&P sectors closed higher, with energy rising 2.9 percent.
The S&P 500 posted its first three-day rally of 2016, and ended with its biggest three-day percentage rise since August. With Wednesday's performance, the Dow industrials had erased nearly all its losses for February.
Still, the benchmark S&P remains down 5.7 percent this year. The steep slide in oil, whose... More
The Priceline Group (PCLN) Tops Q4 EPS Expectations
February 17, 2016 7:06 AM ESTThe Priceline Group (NASDAQ: PCLN) reported Q4 EPS of $12.63, $0.83 better than the analyst estimate of $11.80. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.96 billion.
Fourth quarter gross travel bookings for The Priceline Group, which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by its customers, net of cancellations, were $12.0 billion, an increase of 13... More
