Categories AlphaGraphs, Earnings

Bookings Holdings Q4 2017 earnings snapshot

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.

Bookings Holdings Q4 2017 earnings

Most Popular

Infographic: How UnitedHealth Group (UNH) performed in Q2 2024

UnitedHealth Group (NYSE: UNH) reported second quarter 2024 earnings results today. Revenues increased to $98.9 billion from $92.9 billion a year ago. Net earnings attributable to UnitedHealth Group common shareholders

SCHW Earnings: Highlights of Charles Schwab Corporation’s Q2 2024 results

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and a modest increase in revenues for the second quarter of 2024. Total

BAC Earnings: Key quarterly highlights from Bank of America’s Q2 2024 financial results

Bank of America (NYSE: BAC) reported its second quarter 2024 earnings results today. Revenue, net of interest expense, of $25.4 billion increased 1% from the prior-year period, reflecting higher asset

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top