Shares of priceline.com
Third-quarter revenue increased 37% to $1.0 billion, as strength in international bookings, hotel stays, and car rentals helped offset a 5% decline in airline ticketing.
Adjusted earnings grew even faster, soaring 57% to $5.33 a share. Analysts were only expecting a pro forma profit of $4.97 a share on $973.6 million in revenue. This happens a lot, as Priceline has blown past Mr. Market's guesstimates for 18 quarters in a row.
In other words, the market's cheering Priceline's report and hearty near-term guidance, but it's a safe bet that the dot-com darling will once again surpass its own public targets.
When will Wall Street learn?
Shareholders don't mind, since they're the ones laughing all the way to the bank.
Shares of Priceline have soared 78% this year, and that's not including today's ascent. Rival Orbitz Worldwide
The only travel-related website that has bragging rights over Priceline would be deals publisher Travelzoo
There are certainly plenty of exotic travel plays overseas. Ctrip.com
If you don't get the point, stick around. We'll probably replay this scene again in another three months.
What's your favorite online travel play? Share your thoughts in the comment box below.
priceline.com is a Motley Fool Stock Advisor recommendation. Ctrip.com International is a Motley Fool Hidden Gems selection. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
Longtime Fool contributor Rick Munarriz has been inspired by a deal or two on the Travelzoo Top 20 list but he does not own shares in any of the companies mentioned in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.