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Priceline Blows Away Estimates
SAN FRANCISCO - Priceline(PCLN Quote) blew past first-quarter estimates, with its results boosted by an increase in gross travel bookings.
The online travel provider posted earnings of $18.2 million, or 37 cents a share, in the first quarter. That compared to a loss of $16.3 million, or 44 cents, a year ago, primarily due to one-time litigation.
Pro-forma earnings totaled $37.3 million, or 76 cents a share, which was well above Wall Street estimates of 60 cents a share. ...
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