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Priceline.com Inc. (PCLN) Set A New High For The Year After Q4 Report

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2/29/2012 6:29 AM ET

priceline.com Inc. (PCLN: Quote) reported fourth quarter non-GAAP net income of $5.37 per share, up from $3.40 per share last year. The consensus estimate was for EPS of $5.05. The company expects to report first quarter non-GAAP EPS of $3.80 to $3.90, compared to the consensus estimate of $3.72.

priceline.com gapped open sharply higher Tuesday and climbed in early trade, before settling into a narrow range. Shares ended the session higher by 41.22 at $632.76, with volume at over a 3-month high. The stock has been rising for the past month and a half and closed at a new high for the year.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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