Priceline Rockets Past Q2 Estimates

Posted in pre-market 
August 4th, 2010

Priceline.com Incorporated (NASDAQ: PCLN) shot upwards in pre-market trading today from $230.67 to $270, a price increase of 17.05%.  This movement, which took place at 8:35 AM EST, is the result of an unexpectedly positive earnings review in which priceline.com reported earnings of $3.09 per share on revenue of $767.4 million, beating estimates of $2.65 per share on revenues of $733 million.

This increase for the internet travel company comes during at 52-week trading range of $128.36 – $273.93.  The average daily volume for the company is 1,633,640.

-Michael B. Sauter

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