NEW YORK (TheStreet) -- Shares of Priceline Group Inc. are higher by 7.98% to $1,212.66 in late morning trading on Thursday, as an increase in the online travel agent's international bookings helped to drive the company's 2014 fourth quarter earnings results passed analysts' expectations. For the most recent quarter Priceline said its non-GAAP net income was $10.85 per diluted share compared to the $8.85 per diluted share reported for the 2013 fourth quarter. Analysts polled by FactSet were anticipating earnings of $10.10 per share for the quarter. Exclusive Report: Jim Cramer's Best Stocks for 2015 Priceline said its international gross bookings grew by 27% on local currency in the 2014 fourth quarter which demonstrated "the resilience of the business despite an environment of economic uncertainty and foreign exchange volatility." "The group's full year room night reservations of 346 million grew by 28% leading to gross booking for the group of just over $50 billion," Priceline CEO Darren Huston said in a statement. Separately, TheStreet Ratings team rates PRICELINE GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate PRICELINE GROUP INC (PCLN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." You can view the full analysis from the report here: PCLN Ratings Report PCLN data by YCharts
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