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Priceline Profit Tops Analysts’ Estimates

Priceline.com Inc., the largest U.S. online-travel agent by market value, rose after first-quarter profit topped analysts’ estimates as travelers gravitated to the site to book hotel rooms. Shares rose the most in 10 weeks.

Profit, excluding some items, rose to $5.76 a share from $4.28 a year earlier, the Norwalk, Connecticut-based company said in a statement yesterday. Analysts on average had projected a profit of $5.27, according to data compiled by Bloomberg.