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 gapped open lower Thursday and fell in the first hour of trade. The stock closed down by 37.84 at $681.11, with volume at a 6-month high. Priceline.com closed testing the lower end of nearly a 2-month range.
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