Priceline overshoots the runway
August 07, 2008 |
Once again, the travel website has landed ahead of schedule, delivering its ninth consecutive quarter of better-than-expected profits. Revenue soared 44% to $514.0 million.
Priceline has made success a habit. It doesn't simply buzz the control tower every three months -- it flat-out overshoots expectations by a wide margin.
The stock opened 13% lower this morning, despite besting the perpetually humbled pros by nearly 10%. It may be that spoiled investors have grown used to bigger surprises. It may be that the shares rallied heading into the report. It may also be that the company upped its guidance for the rest of the year, but did so in a cautionary tone as the online travel industry bumps up against economic weakness and airlines scaling back on their flight schedules.
The market's reaction is a pity, because Priceline -- and to a lesser extent Expedia -- have become the two online travel sites that investors can rely on to deliver healthy growth these days.
Get the full story at The Motley Fool
Latest Industry News
Expedia reports lower quarterly profit, revenue outlook not promising
10 Feb, 2012 | Online Travel
Will independent hotels distribute through Roomkey.com?
10 Feb, 2012 | Hotel Marketing
Five countries to visit should the euro fail
10 Feb, 2012 | Hotel Marketing
New hotel payment solutions emerging in Europe
10 Feb, 2012 | Hotel Marketing
Hotels reach out to niche markets
10 Feb, 2012 | Hotel Marketing
Driving higher commissions, the simple solution to online hotel marketing
10 Feb, 2012 | Hotel Marketing
TripAdvisor revenue up 30% in first quarter as a public company
09 Feb, 2012 | Online Travel
In spite of economic concerns, consumers plan to travel more, increase travel budgets
09 Feb, 2012 | Hotel Marketing
Wyndham launches new site to drive direct business
09 Feb, 2012 | Hotel Marketing
Groupon will ‘trash your brand’, says BA and Tui
09 Feb, 2012 | Online Marketing
Can you bring in new restaurant customers with Groupon?
09 Feb, 2012 | Hotel Marketing
Distribution experts dissect hotel channel analysis study findings
08 Feb, 2012 | Hotel Marketing
Hotels recovery begins to lag behind that of airlines
08 Feb, 2012 | Hotel Marketing
Online, mobile and brand reputation increasingly important for UK travelers
08 Feb, 2012 | Online Travel
The hospitality industry’s mobile web failure
08 Feb, 2012 | Hotel Marketing
Most Popular Articles
Groupon will ‘trash your brand’, says BA and Tui
09 Feb, 2012 | Online Marketing
Will independent hotels distribute through Roomkey.com?
10 Feb, 2012 | Hotel Marketing
The hospitality industry’s mobile web failure
08 Feb, 2012 | Hotel Marketing
Five countries to visit should the euro fail
10 Feb, 2012 | Hotel Marketing
In spite of economic concerns, consumers plan to travel more, increase travel budgets
09 Feb, 2012 | Hotel Marketing
Pinterest is over-hyped
08 Feb, 2012 | Online Marketing
Online, mobile and brand reputation increasingly important for UK travelers
08 Feb, 2012 | Online Travel
TripAdvisor revenue up 30% in first quarter as a public company
09 Feb, 2012 | Online Travel
Wyndham launches new site to drive direct business
09 Feb, 2012 | Hotel Marketing
Driving higher commissions, the simple solution to online hotel marketing
10 Feb, 2012 | Hotel Marketing
Latest Company News
Availpro and EasyRMS come together to boost hotel revenue
08 Feb, 2012 | Hotel Marketing
Appnostic brings hotel web content to social media
08 Feb, 2012 | Hotel Marketing
Lodging Interactive adds Google+ service to enhance hotels’ social media strategies
08 Feb, 2012 | Hotel Marketing
ezRez Software rebrands to Switchfly
08 Feb, 2012 | Hotel Marketing
Vincci Hoteles selects EZYield for hotel channel management
19 Jan, 2012 | Hotel Marketing
RateGain to provide competitive rate intelligence for Accor N.A.
18 Jan, 2012 | Hotel Marketing
Lodging Interactive, CoMMingle capitalizing on 10 years of success
17 Jan, 2012 | Hotel Marketing
Availpro and Premier Hotels of the World enter extended partnership
15 Jan, 2012 | Hotel Marketing
Lodging Interactive reveals what’s hot in social media & marketing
12 Jan, 2012 | Hotel Marketing
Lodging Interactive offers 5 tips to making Web strategies ‘fresh’
10 Jan, 2012 | Hotel Marketing
VIZERGY honored with six HSMAI Adrian Awards
04 Dec, 2011 | Hotel Marketing
Appnostic announces social distribution partnership with Genares
04 Dec, 2011 | Hotel Marketing
Webinar: Social Media and Storytelling for Hotels, November 30th at 11:00 am EST
22 Nov, 2011 | Hotel Marketing
Hotels collect guest reviews from Facebook
18 Nov, 2011 | Hotel Marketing
TravelClick Webinar: Creating customer value beyond the discount
18 Nov, 2011 | Hotel Marketing
E-Mail Newsletter
Visit our sponsors:
