Home Turbo Option Trading PCLN DROPS AFTER HOURS PLUNGES 85.00 Option Trading set ups in morning trade
  Previous Video Facebook - - Earnings Mover initially slips -1.5% afterhours down to the $149-level (151.80)

PCLN DROPS AFTER HOURS PLUNGES 85.00 Option Trading set ups in morning trade

0
0
0

The Priceline Group Reports Financial Results for 1st Quarter 2017 NORWALK, CT – May 9, 2017. . . The Priceline Group Inc. (NASDAQ: PCLN) today reported its 1st quarter 2017 financial results. First quarter gross travel bookings for The Priceline Group (the “Company,” the “Group,” “we,” “our” or “us”), 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 $20.7 billion, an increase of 24% over a year ago (approximately 27% on a constant-currency basis). The Group’s gross profit for the 1st quarter was $2.3 billion, a 16% increase from the prior year (approximately 17% on a constant-currency basis). International operations contributed gross profit in the 1st quarter of $2.0 billion, a 17% increase versus a year ago (approximately 19% on a constant-currency basis). Net income in the 1st quarter was $456 million, a 22% increase versus the prior year. Net income was $9.11 per diluted share, a 22% increase as compared to the prior year. Non-GAAP net income in the 1st quarter was $494 million, a 7% increase versus the prior year. Non-GAAP net income was $9.88 per diluted share, a 7% increase compared to $9.20 per diluted share a year ago. Adjusted EBITDA for the 1st quarter 2017 was $635 million, a 4% increase versus a year ago. The section below entitled “Non-GAAP Financial Measures” provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial information with the Group’s financial results under GAAP. “The Priceline Group is off to a strong start in 2017 with solid growth in room nights and rental car days booked,” said Glenn Fogel, Chief Executive Officer of the Priceline Group. “Globally, our brands booked over 173 million room nights during the quarter, up 27% over the same period last year.

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

Translate »
Follow

Follow this blog

Get every new post delivered right to your inbox.

Email address

cycloneslider-slide