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Priceline pops 5.5% after hours as it scales back OpenTable

Shares of Priceline Group rose about 5.5 percent after hours after the travel technology company reported better-than-expected earnings, and announced it would pare back its property, OpenTable.

The booking platform, which includes Booking.com, Kayak, and Rentalcars.com, reported adjusted earnings of $31.18 a share, excluding items, on revenue of $3.69 billion. Wall Street was expecting $29.91 in adjusted earnings per share on sales of $3.62 billion, according to a Thomson Reuters consensus estimate.

Bookings, a key measure in the industry, hit 150 million room nights in the third quarter, up 29...


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