Bookings Holdings (formerly known as The Priceline Group Inc. NASDAQ: PCLN), which changed its name a week ago and started trading under the new ticker symbol (NASDAQ: BKNG) from today, reported results for the fourth quarter of 2017. The online travel company swung to a loss on a GAAP basis, which amounted to $555.4 million or $11.41 per share, compared to a net income of $673.9 million or $13.47 per share in the prior-year quarter. GAAP results include $1.3 billion of provisional net income tax expense related to TCJA. On an adjusted basis, earnings were up 18.6% year-over-year to $16.86 per share.
Revenue grew 19% to $2.80 billion, while total gross bookings also increased 19% to $17.98 billion in the recently ended quarter.
Outlook
For the first quarter of 2018, Bookings targets its year-over-year revenue growth rate to be between 17.5% and 21.5% on total gross bookings growth of 14.5% to 18.5%. GAAP earnings are estimated to be in the range of $9.05 to $9.45 a share, while non-GAAP earnings are expected to be in the $10.00 to $10.40 per share range.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
