Priceline Beats on Q1 EPS, Revenue Guidance (PCLN)

Priceline Beats on Q1 EPS, Revenue Guidance

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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.

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