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Priceline sees Q2 profit below estimates, shares fall |
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Yahoo! Tech/Internet News
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05/09/2013 at 17:39:03 |
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(Reuters) - Online travel agency Priceline.com on Thursday forecast second quarter profit would fall below analysts' estimates due to global expansion costs and its shares slid 3 percent in afterhours trading. Priceline made the comments after reporting a rise in first quarter profit on improved hotel and car-rental reservations. Priceline Chief Executive Jeffery Boyd said the second quarter outlook reflects an expected decline in operating margins as the company invests in global growth. ...
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