Tuesday, August 7, 2012

Earnings Update: Priceline.com (NASDAQ:PCLN) & Dean Foods Company (NYSE:DF)

Priceline.com Inc(NASDAQ:PCLN) shares are hammered down over 15% in afterhours activity as the company provided weak guidance stating concerns over Europe worsening economic crisis, over shadowing the company’s better than estimated second quarter earnings. For the 3rd quarter, the company projects to earn $11.10 and $12.10 per share, missing analysts’ target of $12.82 a share. Revenue is estimated to grow by 9-15% year over year to $1.58 billion and $1.67 billion, while analysts are estimating the company to generate $1.80 billion.

Get Complete Analysis On PCLN

In the latest quarter, the company’s net income jumped to $352.3 million, or $6.88 per share on revenue of $ $1.33 billion, from a year ago profit of $256.4 million, or $5.02 per share on revenue of $1.10 billion. On an adjusted basis, the company would have earned $7.85 per share, topping analysts’ estimate of $7.36 per share on revenue of $1.35 billion.

Shares of PCLN slumped 14.80% to $579.10 in post market trading.

Dean Foods Company(NYSE:DF) is the biggest gainer in the post market activity as the company topped analysts’ target for the second quarter earnings, which propelled the company to lift its full year guidance.
The company said that net income jumped to $56.2 million or 30 cents a share, reversing a year ago loss of 28 cents a share. In a year ago, the company’s earnings were hurt by a hefty litigation settlement charge. Revenue during the quarter fell to $3.13 billion from $3.30 billion last year. On an adjusted basis, the company would have earned 36 cents a share, ahead of analysts’ forecast of 31 cents a share on revenue of $3.23 billion.

How Should Investors React To DF’s Earnings, Find Our Special Report

For the full year, the company now projects to earn $1.18 to $1.28 per share, up from its previous forecast of $1.10 to $1.20 per share. Analysts are estimating $1.16 per share.

Moroever, for the current quarter, the company expects adjusted earnings of $0.25 to $0.30 per share. Analysts currently estimate earnings of $0.25 per share for the quarter.
Shares of DF rose 27% to $15.75 in after-hours session.

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