Priceline Beats on Q1 EPS, Revenue Guidance
Priceline.com has reported increases in revenue and net profit in its fiscal Q4 and 2012 results. For the quarter, revenues totaled $1.19 billion, for a 20% jump on a year-over-year basis. Non-GAAP net income was $349 million ($6.77 per diluted share), 26% higher than the $277 million ($5.37) recorded in Q4 2011.
On average, analysts were expecting revenues of $1.19 billion and an EPS of $6.53.
The top line for fiscal 2012 totaled $3.1 billion, a 34% increase over 2011's result. Net income amounted to $1.6 billion ($31.28 diluted EPS), or 33% above the previous year's $1.2 billion ($23.45).
Priceline.com also surprised on the upside with guidance for its current quarter. The company believes its revenue will grow to $1.21 billion-$1.25 billion for the period , and non-GAAP net income will come in at $4.90-$5.30 per share. Analysts had been anticipating $1.24 billion and $5.17, respectively.
The article Priceline Beats on Q1 EPS, Revenue Guidance originally appeared on Fool.com.Fool contributor Eric Volkman has no position in priceline.com. The Motley Fool recommends and owns shares of priceline.com. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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