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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (13394)5/1/2001 4:53:54 PM
From: jhg_in_kc  Read Replies (2) of 13572
 
I am hoping for a 10 bagger here. (PCLN)
Priceline beat Wall Street estimates Tuesday when it reported a loss of 3 cents a share in the first quarter.

On average, analysts reporting to First Call/Thomson Financial expected a loss of 5 cents a share.



The name-your-own-price Internet retailer said sales were $269.7 million, up 18 percent sequentially. For the quarter, Priceline (PCLN: news, msgs, alerts) lost $6.2 million on a pro forma basis.

Customer count jumped by 891,490 to nearly 10 million total. Priceline also reaffirmed earlier projections for the second quarter with revenue expected to rise 10 percent to 15 percent.

Investors were expecting an upbeat report, and pushed up the stock nearly 36 percent in active trading ahead of the results. Priceline closed up $1.74 to $6.59.
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