NEW YORK (
shares surged 27.83% to $39.68 after
announced it was
for roughly $1.8 billion in cash and stock.
The deal values Kayak at roughly $40 a share, and will
, as it continues to try and grab market share in the online travel space.
"Kayak has built a strong brand in online travel research and their track record of profitable growth is demonstrative of their popularity with consumers and value to advertisers," said Priceline CEO Jeffery Boyd, in a statement released after market close. "We believe we can be helpful with Kayak's plans to build a global online travel brand."
shares surged 18.21% to $7.14 after the car sharing company beat analysts' earnings expectations.
Zipcar reported that third-quarter revenue rose 15% to $78.2 million and earned 10 cents a share. Analysts expected revenue of $75.6 million and earnings of 1 cent a share.
Zipcar forecast fourth-quarter revenue between $67 million and $71 million, in line with analysts' estimate, with net income of $3 million.
shares plunged as the company badly missed earnings estimates amidst concerns over the
. The Chicago-based firm's transitioning itself from a daily deals site, and focusing on its Goods business, which has lower margins.
Groupon reported break-even earnings on $568.8 million in revenue. Analysts polled by
were looking for earnings of 3 cents a share on $590.12 million in revenue. Sales rose 32% year-over-year, but Wall Street was looking for more.
Groupon provided fourth-quarter revenue guidance, that at the midpoint, is better than Wall Street is expecting. Analysts expect Groupon will generate $633.87 million in revenue, earning 4 cents a share. Groupon expects revenue to be between $625 million and $675 million.
Shares of Groupon were off 29.16% to $2.78 in mid-afternoon trading, after hitting a new 52-week low of $2.73.
Interested in more on Groupon? See TheStreet Ratings' report card for
Written by Chris Ciaccia in New York