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
Hormel Foods (HRL) to report Q4 2024 earnings results, a look at what to expect
Shares of Hormel Foods Corporation (NYSE: HRL) rose over 1% on Friday. The stock has gained over 5% in the past one month. The branded food company is slated to
What to look for when Hewlett Packard (HPE) reports Q4 2024 results
Information technology company Hewlett Packard Enterprise (NYSE: HPE) is actively innovating its product portfolio to better align with the AI-driven transformation currently sweeping the industry. In recent quarters, the company's
What to expect when Dollar General (DG) reports Q3 2024 earnings
Shares of Dollar General Corporation (NYSE: DG) rose over 1% on Wednesday. The stock has dropped 38% over the past three months. The discount retailer is slated to report its earnings
