The Priceline Group (PCLN) PT Lowered to $1,260 at Evercore ISI Following Results, Weaker Outlook
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The Priceline Group (PCLN) PT Lowered to $1,600 at RBC Capital
May 4, 2016 3:47 PM EDTRBC Capital analyst Mark Mahaney reiterated an Outperform rating but trimmed his price target on The Priceline Group (NASDAQ: PCLN) to $1,600.00 (from $1,700.00) following a Q1 beat but lower guidance.
Mahaney commented, "Total Bookings of $16.65B beat Street/RBC expectations, while Revenue of $2.15B also exceeded Street/RBC, as did EPS of $10.54. The normal key factors at work, tho Easter timing also helped. PCLN saw consistent strength... More
Wall St. falls as data adds to growth worries; biotechs down
May 4, 2016 7:36 AM EDTBy Caroline Valetkevitch
NEW YORK (Reuters) - U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and a retreat in biotech shares.
Weaker-than-expected results from Priceline (NASDAQ: PCLN) added to the bearish tone.
The Nasdaq Biotech Index dropped 2.9 percent, its seventh session of losses out of the last eight.
The ADP private sector employment report showed hiring in April fell to its lowest in three years. The report acts as a precursor to the more comprehensive government nonfarm... More
Priceline shares tumble after forecast for slower growth
May 4, 2016 7:19 AM EDT(Reuters) - Priceline Group Inc (NASDAQ: PCLN) on Wednesday said its growth would slow in the second quarter as it spends more on marketing and as the timing of holidays shifts traveler bookings, sending shares down more than 7 percent in premarket trading.
The lower forecast overshadowed a first-quarter profit that exceeded expectations at the world's most profitable online travel services company.
Priceline Group, which operates Booking.com and other sites, earned $374 million in the first three months. Excluding special items, earnings jumped 24 percent from a year earlier to $532 million, or $10.54... More
The Priceline Group (PCLN) Tops Q1 EPS by 88c; Q2 Guidance Below the Street
May 4, 2016 7:08 AM EDTThe Priceline Group (NASDAQ: PCLN) reported Q1 EPS of $10.54, $0.88 better than the analyst estimate of $9.66. Revenue for the quarter came in at $2.15 billion versus the consensus estimate of $2.12 billion.
GUIDANCE:
The Priceline Group sees Q2 2016 EPS of $11.60-$12.50, versus the... More
