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
Broadcom (AVGO) appears to be on track to leverage huge AI opportunity
Broadcom, Inc. (NASDAQ: AVGO) reported a record high revenue for the first quarter, aided by strong demand for its AI-enabled semiconductor solutions and infrastructure software. The tech firm’s stock rallied
JD Earnings: JD.Com reports higher Q4 2024 revenue and adj. profit
China-based e-commerce company JD.com Inc. (NASDAQ: JD) has reported a double-digit increase in revenue and adjusted net income for the fourth quarter of 2024. Fourth-quarter earnings, adjusted for special items,
Costco (COST) Q2 2025 profit rises on higher sales; comp sales up 6.8%
Warehouse giant Costco Wholesale Corporation (NASDAQ: COST) has reported higher sales and net profit for the second quarter of 2025. Total comparable store sales increased by 6.8%. Revenues rose to
