said Monday it is still on target to generate an operating profit in the second quarter of this year.
At an analysts' conference in Las Vegas, priceline executives said they were comfortable with previous forecasts of a loss of 5 cents to 7 cents a share, excluding a variety of restructuring and "special" charges, in the first quarter. First-quarter revenue should rise 15%-20% from fourth-quarter levels.
For the second quarter, the company didn't give a specific earnings target, but simply reiterated its previous forecast of a 10%-15% rise in revenue above first-quarter levels and a pro forma operating profit, again excluding restructuring and "special" charges.
The company, which allows consumers to name their own price for airline tickets and other items rose in preopen trading on
. Shares were recently trading at $2.87 on
following a $2.53 close Friday on the
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