priceline.com (PCLN) was up 10.5% in preopen Island trading after rising almost 36% in the Tuesday's regular session. After the close, the online travel company posted a first-quarter loss of 3 cents per share before charges, narrower than the Street's estimate of a 5-cent loss.

The company also reaffirmed its revenue growth target for the second quarter. Earlier Tuesday,

Goldman Sachs

analyst Anthony Noto upgraded priceline to market outperform from market performer.