Shares of travel reservations provider Priceline Group Inc (NASDAQ: PCLN) were trading higher by 5.3 percent at time of writing after touching an all-time high earlier following the company's second-quarter earnings report.
To Recap
The company posted quarterly net income of $517 million, or $9.94 per share, compared to $576.5 million, or $10.89 per share, in the year-ago period. On an adjusted basis, the company's earnings came in at $12.45 per share.
Its revenue climbed to $2.28 billion from $2.12 billion. Analysts were expecting earnings of $11.98 per share on revenue of $2.27 billion. The average estimate among 60 Estimize users was for earnings of $12.41 per share and revenue of $2.30 billion.
On To ETFs...
Priceline's ascent to new highs is pushing a pair of Internet exchange traded funds higher as well. The PowerShares NASDAQ Internet ...
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