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> Priceline sees second-quarter profit below estimates, shares fall |  |
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Priceline sees second-quarter profit below estimates, shares fall |
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Yahoo! Tech/Internet News
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05/09/2013 at 18:30:42 |
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By Karen Jacobs (Reuters) - Online travel agency Priceline.com on Thursday gave a forecast for second-quarter profit that was below analysts' estimates, as it cited the effects of global expansion costs, and its shares slid 3 percent in after-hours trading. Priceline made the comments as it reported a first-quarter profit that topped estimates on improved hotel and car-rental reservations. 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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