Priceline Group (PCLN) Stock Falling Today Following Weak Guidance

NEW YORK (TheStreet) -- Shares of Priceline Group Inc. (PCLN) are lower by 8.27% to $1,099.46 in mid-morning trading on Tuesday, after the company issued guidance for the 2014 fourth quarter that came in below analysts' expectations.

The online travel and booking company said it's expecting to post earnings per share between $9.40 and $10.10, below the $10.97 per share analysts polled by FactSet have forecast.

Although Priceline issued lower guidance, the company's third quarter 2014 earnings results improved year over year, topping analysts' estimates.

Watch the video below for a closer look at Priceline's latest quarterly results:

For the most recent quarter Priceline Group said non-GAAP net income grew by 29% to $1.2 billion over the prior year. On a per diluted share basis, non-GAAP net income was $22.16, compared to $17.30 from the 2013 third quarter.

Analysts polled by Thomson Reuters were expecting $21.11 per share for the quarter.

Total revenue for the 2014 third quarter was $2.84 billion, compared to $2.27 billion for the year ago third quarter. Analysts were expecting $2.83 billion for the quarter.

Separately, TheStreet Ratings team rates PRICELINE GROUP INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate PRICELINE GROUP INC (PCLN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

You can view the full analysis from the report here: PCLN Ratings Report

PCLN Chart PCLN data by YCharts

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