NEW YORK ( TheStreet) -- Priceline.com ( PCLN) surged in late trades on Thursday after the online travel reservation company toppled Wall Street expectations for its fiscal second-quarter results, helped by 7% growth in sales for its airline ticketing business and strength in its hotel and car rental bookings. The company reported non-GAAP earnings of $282.6 million, or $5.49 a share, for the three months ended June 30 on revenue of $1.1 billion, ahead of the average estimate of analysts polled by Thomson Reuters for a profit of $4.91 a share in the June period on revenue of $1.08 billion. The stock was last quoted at $531.78, up 10%, on volume of more than 440,000, according to Nasdaq.com. The shares lost more than 7% in the regular session, amid the broad market's deep pullback. Year-to-date, the stock has gained more than 30%. For the third quarter ending in September, Priceline.com said it expects non-GAAP earnings of $9.10 to $9.30 a share, well ahead of the current consensus estimate for a profit of $7.98 a share.
LinkedInBusiness social networking company LinkedIn ( LNKD) saw its shares gain nearly 5% in late trades after delivering a surprise profit in its first quarterly report as a public company. The company posted earnings of $4.5 million, or 4 cents a share, for the three months ended June 30 with revenue more than doubling year-over-year to $121 million. On a non-GAAP basis, excluding stock-based compensation expense and amortization of acquired intangible assets, LinkedIn earned $10.8 million, or 10 cents a share, in the June-ended period. Wall Street was expecting a loss of 3 cents a share in the quarter on revenue of $104.7 million. "In the second quarter, we saw record levels of members, unique visitors, and page views, while revenue growth further accelerated," said Jeff Weiner, the company's CEO, in a statement. "Going forward, we plan to continue to invest in our team, technology, and products in order to increase the value we deliver to members and realize the full potential of the LinkedIn platform." LinkedIn said its membership jumped 61% year-over-year to 115.8 million as of the quarter's end with unique visitors reaching 81.8 million per month, an increase of 83% from a year ago, and page views totaling 7.1 billion, up 80% from last year.
The stock gained 4.7% to $100 in after-hours action on volume of nearly 450,000. LinkedIn made its market debut on May 19, pricing 7.8 million shares at $45 each. Other stocks making notable moves in late trades included MIPS Technologies ( MIPS), which was down more than 25% after falling short of Wall Street's profit view for its fiscal fourth quarter and announcing the retirement of its Chief Financial Officer Maury Austin; First Solar ( FSLR), which slid more than 2% after missing the average analysts' earnings estimate for its second quarter by more than 20% and lowering its full-year outlook; and Sandridge Energy ( SD), which tumbled 6% after delivering a weak second quarter. -- Written by Michael Baron in New York.