Earnings from Priceline.com (PCLN - Get Report) and Finisar (FNSR - Get Report) caught investors attention, showcasing the strengths and weaknesses of the global economy. After the close of trading on Monday, Priceline.com reported earnings that handily beat Wall Street forecasts. The online travel company posted fourth-quarter earnings of $5.37 per share on $990.77 million in revenue. Wall Street analysts polled by Thomson Reuters expected priceline.com to earn $5.05 per share in the fourth-quarter on $967.9 million in revenue. Priceline.com also gave strong first-quarter guidance, saying it expects non-GAAP earnings to increase $37 million in the first quarter of 2012. Shares of priceline.com ended the week up 9.39%, or $55.45, to close at $645.86.
Finisar shares fell during the week after the optical networking company reported a below-consensus quarterly profit and providing a weaker-than-expected outlook. Sunnyvale, Calif.-based Finisar reported third-quarter non-GAAP earnings of 23 cents per share on $243 million in revenue. Wall Street analysts polled by Thomson Reuters were looking for earnings of 22 cents a share on revenue of $245 million. The company also forecast earnings of 18 to 22 cents a share for its fiscal fourth quarter on revenue ranging from $235 million to $250 million. The average analyst estimate is for a profit of 25 cents a share in the quarter on revenue of $253.5 million. The stock closed the week down 13.5% or $3.07, at $19.69.