Priceline.com Inc. (PCLN) reported first quarter adjusted EPS of $4.28 after the close Wednesday, up from $2.66 in the prior year period. The consensus estimate was for EPS of $3.95. The company expects to report second quarter adjusted EPS of $7.20 to $7.40, compared to the consensus estimate of 7.38.
Priceline.com has gapped open lower Thursday morning and is now down 21.80 at $697.15. The stock has fallen to over a 2-week low and has slipped beneath its 50-day moving average.
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