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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Priceline reported non-GAAP EPS of $5.49, trouncing the consensus estimate of $4.91. Management guided Priceline's non-GAAP EPS for the current quarter to $9.10 to $9.30, well above the $7.98 consensus estimate.
Now what: What a difference from TravelZoo's July 21 earnings report, when EPS of $0.30 badly missed the consensus estimate of $0.39. TravelZoo's revenue grew 34% year over year, well below Priceline's revenue growth of 44% year over year. That suggests that Priceline is taking market share. What's more, TravelZoo's disappointing results probably kept expectations low going into Priceline's earnings report.
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