NEW YORK --
, the online travel booking services provider, posted fourth-quarter adjusted profit well above Wall Street's expectations.
Priceline reported non-GAAP earnings of $276.8 million, or $5.37 a share, on revenue of $991 million for the three months ended Dec. 31. Analysts were expecting earnings of $5.05 a share on revenue of $967.9 million.
For its fiscal first quarter ending in March, Priceline said it expects non-GAAP earnings of $3.80 to $3.90 a share with revenue up 22% and 27% from a year earlier. Analysts forecast profit of $3.72 a share.
Shares were popping 7.8% to $637.50 in premarket trading Tuesday.
reported second-quarter net income of $166.9 million, or $4.15 a share, on sales of $1.8 billion. Analysts, on average, were expecting earnings of $4.04 a share on sales of $1.78 billion.
Shares were advancing 5.2% to $385.
reported fourth-quarter earnings of 52 cents a share on revenue of $501.7 million. The Wall Street consensus target was earnings of 49 cents a share on revenue of $514 million.
Shares were rising 2.1% to $34.25.
, the China-based online media company, reported fourth-quarter profit in line with analysts' estimates but revenue came in a smidge lighter than forecasts.
Revenue for the quarter was $128.7 million; analysts were expecting $129.3 million.
SINA forecast first-quarter revenue of $101 million to $104 million with advertising revenue seen coming in between $78 million and $80 million.
Shares were down 1.4% to $62.07.
shares were falling 1.2% to $29.60 as its cruise liner Costa Allegra is towed to the Seychelles after a fire broke out on the ship; onboard were 636 passengers and 413 crew. No injuries were reported.
This is Carnival's second accident in recent weeks. On Jan. 13, its Costa Concordia cruise liner capsized off the coast of Italy, causing the deaths of 25 passengers.
If Moody's downgrades
by three notches, the investment bank said it would have to post an additional $6.52 billion in collateral to counterparties.
Morgan Stanley, in a filing with the
Securities and Exchange Commission
late Monday, said it would have to post $919 million in the event of a one-notch cut by Moody's; a two-notch cut would require additional collateral of $4 billion.
Morgan Stanley shares were sliding 1.1% to $18.55.
is expected by analysts Tuesday to report fourth-quarter profit of 24 cents a share on revenue of $1.68 billion.
will post fourth-quarter profit of $1.57 a share, according to analysts.
reported fourth-quarter adjusted earnings of 3 cents a share and sales of $2.97 billion. Analysts, on average, were expecting breakeven earnings on a per-share basis and revenue of $3 billion.
-- Written by Andrea Tse and Joseph Woelfel
>To contact the writer of this article, click here:
>To submit a news tip, send an email to:
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.