The Priceline Group (PCLN) Tops Q4 EPS by 1.23/Share

(Updated - February 27, 2017 4:04 PM EST)

The Priceline Group (NASDAQ: PCLN) reported Q4 EPS of $14.21, $1.23 better than the analyst estimate of $12.98. Revenues were $2.348 billion versus the consensus of $2.32 billion.

"The Priceline Group finished 2016 with a strong 4th quarter, reporting accelerating growth in hotel room nights booked, with solid organic growth and attractive profit margins," said Glenn Fogel, Chief Executive Officer of The Priceline Group. "We also recorded accelerating growth in room nights booked for the full year 2016 over 2015, which reflects the benefits of our scaled accommodations platform and strong execution by our global teams." Looking forward to 2017, Mr. Fogel said, "We will continue to focus on growing our supply base to drive customer choice, innovating around the customer experience and investing efficiently in marketing to deliver profitable topline growth."

Sees Q1 non-GAAP EPS of $8.25-$8.65, versus the consensus of $10.56.

For earnings history and earnings-related data on The Priceline Group (PCLN) click here.

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