priceline.com Inc. (PCLN) reported second quarter non-GAAP net income of $7.85 per share after the close Tuesday, up from $5.49 per share in the previous year. The consensus estimate was for EPS of $7.37. Third quarter non-GAAP EPS is expected to be between $11.10 and $12.10. The consensus estimate is for EPS of $12.82. The stock is now down 104.55 on 919K shares.
priceline.com gapped open higher Tuesday and climbed during the first hour of trade, before settling into a range. The stock closed up by 14.68 at $679.80 on above average volume. priceline.com finished near the upper end of a 3-month range.
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