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Monday, November 6, 2017

-=Priceline (PCLN) reported earnings on Mon 6 Nov 2017 (a/h)

Priceline beats by $0.97, beats on revs; guides Q4 EPS below consensus 
  • Reports Q3 (Sep) earnings of $35.22 per share, excluding non-recurring items, $0.97 better than the Capital IQ Consensus of $34.25; revenues rose 20.1% year/year to $4.43 bln vs the $4.34 bln Capital IQ Consensus, gross travel bookings for The Priceline Group, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by its customers, net of cancellations, were $21.8 billion, an increase of 18% over a year ago (~16% on a constant-currency basis). "Globally, our accommodation business booked 178 million room nights in the third quarter, up 19% over the same period last year. showed continued momentum with approximately 1.5 million properties on its platform, up 41% over last year. This represents 26.9 million potentially bookable rooms, which we believe to be the largest, and most diverse, selection of instantly bookable accommodations in the world."
  • Co issues downside guidance for Q4, sees EPS of $13.40-14.00, excluding non-recurring items, vs. $15.57 Capital IQ Consensus; bookings +5.5-10.5% ex-FX; EBITDA $870-910 mln. 

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