Priceline Leaves Investors Wanting More
The third quarter was a tough one for the travel industry, with major hurricanes hitting key travel areas like Florida, Texas, and the Caribbean. Peers throughout the online travel realm had already given poor reports of their financial success during the period, but leading travel website provider Priceline Group (NASDAQ: PCLN) had hoped to overcome those negatives to produce solid growth and continue a long streak of success.
Coming into Monday's third-quarter financial report, Priceline investors had every expectations that the company would be able to keep delivering the gains in revenue and earnings that they had come to rely on from the travel giant. Priceline did manage to post impressive growth, but the results didn't live up to the exceptional performance that some shareholders demand. Let's look more closely at how Priceline Group did and what's ahead for the rest of the year from the travel specialist.
Image source: Priceline.
Source: Fool.com
