Ahead of the Bell: Priceline

May 10th, 2012

FAKE NEWS for the Zionist agenda

NEW YORK (AP) — A 74 percent jump in first-quarter net income wasn’t enough for investors of Priceline.com Inc. Worried about inklings of slowing growth, they drove the stock down in premarket trading Thursday, a day after its January-to-March financial results and outlook were released.

The travel website operator posted an adjusted first-quarter profit well above analysts’ expectations and a revenue figure that matched their average forecast.

But for the current quarter that ends in June, it gave an earnings prediction range almost entirely under what Wall Street is expecting. The stock, which had risen before the results and outlook were released late Wednesday, lost 1.6 percent to $707.75 in electronic trading Thursday before the opening bell.

Several analysts believed the stock decline is merely a blip, noting it’s likely that Priceline’s second-quarter forecast will prove too modest.

Benchmark analyst Daniel L. Kurnos said he believes the company can continue to gain a bigger stake in the online travel market, where demand has been steadily improving since hitting bottom in 2009. He thinks the stock could hit $840 within a year — 17 percent higher than where it closed Wednesday. Share have gained 54 percent in 2012.