priceline.com Plunges 25.1% on Loss, Layoffs

priceline.com (PCLN) was down 25.1% in preopen Island trading after it met the Street's lowered estimate for the third-quarter and announced the resignation of CFO Heidi Miller, the high-profile executive it lured from Citigroup (C) - Get Report.

priceline.com also said it would cut 87 of its 535 employees. The e-commerce company posted a third-quarter loss of 1 cent per share, matching the

First Call/Thomson Financial

consensus and improving on the year-ago 8-cent loss.