NORWALK, Connecticut — The Priceline Group Inc. (PCLN) on Thursday reported fourth-quarter earnings of $451.8 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had net income of $8.56. Earnings, adjusted for one-time gains and costs, were $10.85 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $10.05 per share.
The online booking service posted revenue of $1.84 billion in the period, also exceeding Street forecasts. Analysts expected $1.8 billion, according to Zacks.
For the year, the company reported profit of $2.42 billion, or $45.67 per share. Revenue was reported as $8.44 billion.
For the current quarter ending in March, Priceline expects its per-share earnings to range from $7.20 to $7.75. Analysts surveyed by Zacks had forecast adjusted earnings per share of $10.79.
Priceline shares have fallen 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2 percent. The stock has dropped 13 percent in the last 12 months.
Keywords: Priceline, Earnings Report
All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.