Tag Archives: lead tech

Priceline Grounded By Q2 Outlook After Soaring In Q1

Priceline leveraged gains across its online travel products to produce first-quarter results that beat Wall Street estimates on Thursday. But its earnings-per-share outlook for the current quarter lagged due to poor weather affecting travel earlier in the June quarter. The company’s Q1 report got a cool reception from investors. The stock fell 2% to 1,108, but had been down as much as 4% earlier in the trading session. Priceline Group (PCLN) has

Zillow Posts Surprise Earnings, Ups 2014 Guidance

Real estate website Zillow late Wednesday reported a surprise per-share profit in Q1 and raised its full-year outlook above consensus, sending its shares higher. The Seattle-based company said its per-share profit ex items doubled year over year to 2 cents, better than the expected 8-cent loss. “Even though we’re investing heavily in advertising and in head count and in product development and a variety of other things, the incremental margin is

Allergan Reports Strong Q1 While Weighing Valeant Bid

Embattled specialty drugmaker Allergan on Wednesday beat Wall Street’s first-quarter earnings estimates and raised its guidance, but the company’s stock slid 0.3% to close at 165.87 as its future remained in doubt. Allergan (AGN) reported earnings of $1.18 a share, up 20% from the year-earlier quarter and beating analysts’ consensus by 5 cents. Sales rose 13% to $1.62 billion, in line with estimates. Guidance followed a similar pattern. For the