Pursuits
Priceline.com Profit, Forecast Beat Analyst Estimates
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Priceline.com Inc., the online travel agency, forecast first-quarter profit that beat analysts’ estimates, signaling consumers may be booking more flights and hotel rooms amid an economic recovery.
Profit will be $1.54 to $1.64 a share, excluding some expenses, the company said in a statement today. Analysts in a Bloomberg survey projected $1.40 on average. Fourth-quarter earnings also exceeded estimates.