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Priceline (PCLN) Stock Gains on Strong Q2 Earnings Expectations

NEW YORK (TheStreet) -- Shares of Priceline (PCLN) were trading sharply higher late Wednesday afternoon ahead of the travel booking website's 2016 second-quarter earnings, due out after tomorrow's closing bell.

Wall Street is looking for a year-over-year increase in both per-share earnings and revenue.

Analysts surveyed by Thomson Reuters are modeling adjusted earnings of $12.69 per share on $2.58 billion in revenue for the most recent quarter.

For the same period a year ago, Priceline reported adjusted earnings of $12.45 per share on revenue of $2.28 billion.

JMP maintained...