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What Does Priceline’s Outlook Look Like for 3Q15?

Priceline Delivers Strong 2Q15 Earnings

(Continued from Prior Part)

Strong quarter is expected

In its second quarter earnings webcast, Priceline (PCLN) expressed that it expects to have a strong third quarter. The company continues to see foreign currency headwinds because it attains about 70% of its revenue outside the US. This exposure continues to grow.

The company’s key indicators for the coming quarter were:
  • Revenue growth to be 1%–8% YoY (year-over-year) as international markets continue to show better demand
  • Gross profits to be up by 3%–10% from the same quarter last year due to adverse foreign currency headwinds...