Priceline Earnings, Revenue Increases

  • February 14, 2007
Priceline.com Inc.'s fourth-quarter earnings more than tripled from the prior year, the online travel-booking company reported Monday. Priceline said it earned $13.2 million, or 33 cents a share, compared to $3.8 million, or 9 cents a share, in the fourth-quarter of 2005. Revenue rose 28%, to $260 million from $203.9 million in the year-ago quarter. Excluding one-time items, Priceline would have earned 58 cents a share. The company attributed its performance to strong bookings in its European division, Booking.com.
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