Norwalk’s Priceline.com Inc., the biggest U.S. online travel agency by market value, forecast second-quarter profit that exceeded analysts’ estimates as the company bolsters hotel bookings in Europe and Asia, Bloomberg News reports.
Profit excluding some items in the current period will be $4.70 a share to $4.90 a share, the company said Friday in a statement.
That exceeded the $4.44-a-share average estimate of analysts surveyed by Bloomberg.
Its shares were down $9.62 to $524.35 in late morning trading Friday.
