Priceline Beats on Q1 EPS, Revenue Guidance

Priceline.com (NASDAQ: PCLN  ) has reported increases in revenue and net profit in its fiscal Q4 and 2012 results. For the quarter, revenues totaled $1.19 billion, for a 20% jump on a year-over-year basis. Non-GAAP net income was $349 million ($6.77 per diluted share), 26% higher than the $277 million ($5.37) recorded in Q4 2011.

On average, analysts were expecting revenues of $1.19 billion and an EPS of $6.53.

The top line for fiscal 2012 totaled $3.1 billion, a 34% increase over 2011's result. Net income amounted to $1.6 billion ($31.28 diluted EPS), or 33% above the previous year's $1.2 billion ($23.45).

Priceline.com also surprised on the upside with guidance for its current quarter. The company believes its revenue will grow to $1.21 billion-$1.25 billion for the period , and non-GAAP net income will come in at $4.90-$5.30 per share. Analysts had been anticipating $1.24 billion and $5.17, respectively.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2280667, ~/Articles/ArticleHandler.aspx, 10/23/2014 4:58:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement