Earnings: Small Cap Tech/ Software Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Earnings: Small Cap Tech/ Software

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SusieQ1065 who wrote (31)	7/31/2001 4:48:38 PM
From: 2MAR$	Read Replies (1) of 238

PCLN ($8-$9.75)Earns Beat Estimates, positive net 6c vs -2 NEW YORK (Reuters) - Name-your-own-price Internet commerce company Priceline.com Inc. (NasdaqNM:PCLN - news) on Tuesday posted earnings that beat Wall Street estimates for the second quarter, delivering on its profitability promises, amid cost-cutting efforts and renewed focus on its core travel business. Priceline, in which two firms controlled by Hong Kong tycoon Li Ka-shing decided to buy an additional 25 million shares in June, also raised its third-quarter earnings and revenue outlook. It expects pro forma earnings of 5 to 7 cents a share and revenue to beat year-ago's $341 million. The Internet company said it earned $11.7 million on a pro forma basis before items in the second quarter, or 6 cents a basic share. Year-earlier comparisons were not immediately available. Revenues for the second quarter rose to $364.8 million from $352.1 million a year-earlier. Wall Street analysts, on average, expected the Norwalk, Connecticut-based company to post earnings of 1 cent a share and revenues of $301 million, according to Thomson Financial/First Call.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next