=Booking Holdings (BKNG) reported earnings on Tue 27 Feb 2018 (a/h)

• Priceline (PCLN) is now Booking Holdings Inc. It began trading under a new stock ticker, BKNG, beginning on February 27.

Booking Holdings beats by $2.74, beats on revs; guides Q1 EPS above consensus 

• Reports Q4 (Dec) earnings of $16.86 per share, excluding non-recurring items, $2.74 better than the Capital IQ Consensus of $14.12; revenues rose 19.4% year/year to $2.8 bln vs the $2.7 bln Capital IQ Consensus; gross travel bookings +19%. Booking Holdings' gross profit for the 4th quarter was $2.8 billion, a 22% increase from the prior year (~17% on a constant-currency basis).
• Co issues upside guidancefor Q1, sees EPS of $11.00-11.40, excluding non-recurring items, vs. $10.35 Capital IQ Consensus; gross profit +20.5-24.5%; room nights booked +8-12%, gross travel bookings +14.5-18.5%, gross travel bookings +6-10%
• "We intend to continue to strategically invest in our business by growing our supply base to drive customer choice, innovating around the customer and supplier experience and investing in marketing that builds consumer awareness for our brands and delivers profitable top-line growth."