Priceline first quarter net profit over 300 million dollars

Absrtact: May 9 (CNN)--U.S. online travel service provider Priceline released its first-quarter results for fiscal year 2014 today. The report showed that Priceline's first-quarter revenue was $1.64 billion, up 26% from $1.3 billion a year earlier, with a net profit of $331 million, compared with a year earlier

May 9 News, U.S. online travel service provider Priceline today released the first quarter of fiscal year 2014 earnings. The report showed that Priceline's first-quarter revenue was $1.64 billion, up 26% from $1.3 billion a year earlier, with a net profit of 331 million dollars, up 244 million from the same period last year. Priceline's first-quarter results exceeded Wall Street analysts ' expectations, pushing its share price to rise slightly.

In the quarter ended March 31, Priceline's net profit was $331 million trillion, earning $4.76 a share, a performance better than the same period last year. In the first quarter of fiscal 2013, Priceline net profit was $244 million, earning 4.76 dollars per share. Excluding specific one-off items (not in accordance with US general accounting standards), Priceline's net profit for the first quarter was $297 million, up 34.6% from a year earlier, and 7.81 dollars per share, up from $5.76 a year earlier, and beyond analysts ' previous forecasts. Analysts on average expect Priceline to have 6.93 dollars per share in the first quarter, according to FactSet Research, a financial information provider.

Priceline's first-quarter revenue was $1.64 billion, up 26% from $1.3 billion a year earlier, slightly above analysts ' expectations. FactSet Research survey shows that analysts expect Priceline's first-quarter revenue to be $1.63 billion. Priceline's total travel orders for the first quarter were $12.3 billion trillion, up 34% from a year earlier.

Priceline's gross profit for the first quarter was $1.4 billion trillion, up 39% from a year earlier, with gross profit from international operations at $1.21 billion trillion, up 39% from a year earlier. Priceline's first-quarter operating profit was $430 million trillion, up from $310 million a year earlier. Excluding specific one-off items (not in accordance with US GAAP), Priceline's first-quarter adjusted EBITDA (net profit before interest, tax, depreciation and amortization) was $531 million, an increase of 39% per cent over a year earlier.

By sector, Priceline's first-quarter institutional revenue was $1.04 billion trillion, a year earlier at $770 million trillion, and business revenues of 530 million dollars, which were roughly flat compared with last year's, with other revenues of 7.4 million U.S. dollars and 3.5 million dollars in the same period last year.

Pricelin estimates that total travel orders in the second quarter of fiscal year 2014 grew by about 22% to 32% per cent year-on-year, while international total travel orders grew by about 24% to 34% per cent year-on-year, while gross domestic travel orders grew by about 15% to 20% per cent year-on-year, with revenue growth of about 15% to 12% per cent over To 34%, after an adjustment of about 725 million US dollars to 775 million U.S. dollars, not according to U.S. General accounting standards, earnings per share of 11.22 to 12.02 U.S. dollars, this interval than analysts had expected. FactSet Research survey shows that analysts expect Priceline earnings per share to be $12.27 in the second quarter.

On the same day, Priceline's share price fell 23.74 U.S. dollars in the Nasdaq conventional trading, at $1108.00, or 2.1%. Priceline's shares rose 1.00 U.S. dollars to 1109.00 U.S. dollars, or 0.09%, in a subsequent trading transaction up to 16:43 (4:43 Beijing Time, 9th). In the past 52 weeks, Priceline's highest share price was $1379, with a minimum price of $728.72.