Priceline.com Inc. boosted its full-year earnings guidance on Tuesday after reporting a 56 percent increase in second-quarter profit.
However the online travel company's shares fell on a soft international performance.
Shares plunged $22.20, or 18.9 percent, to $95, in aftermarket electronic trading, after gaining $5.48, or 4.9 percent, to close at $117.20 in the regular session. The stock has traded between $59.50 and $144.34 during the past 52 weeks.
The Norwalk, Conn.-based company raised its full-year earnings outlook to between $5.50 to $5.85 per share, from its previous guidance range of $5.25 to $5.65 per share.
Analysts surveyed by Thomson Financial expect 2008 earnings of $5.54 per share.
Priceline expects third-quarter earnings between $2 and $2.15 per share, compared with analysts' consensus estimate of $2.05. The company expects quarterly gross travel bookings to increase from 44 percent to 54 percent, with international bookings growing 58 percent to 68 percent.
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