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Priceline (PCLN) Stock Jumps in After-Hours Trading on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Priceline Group (PCLN) were advancing 5.89% to $1,440.12 in after-hours trading on the company's better-than-expected 2016 second quarter earnings, reported after Thursday's closing bell.

The Norwalk, CT-based travel website reported adjusted earnings of $13.93 per share, up 12% year-over-year and beating analysts' estimates of $12.69 per share.

Revenue for the period was $2.56 billion, just missing Wall Street consensus of $2.58 billion.

For the 2016 third quarter, Priceline provided earnings guidance of $28.30 to $29.80 per diluted share. Analysts are modeling earnings of $28.99 per share for the period.

Priceline logged a 19% year-over-year increase in gross travel...


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