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.
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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.
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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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