Two web-based travel logistics service companies — Priceline PCLN and TripAdvisor TRIP — are both down in late trading following quarterly earnings results that disappointed, particularly on forward guidance. Priceline, the world's largest travel booker, brought in $35.22 per share on $4.43 billion in quarterly sales, both which beat the Zacks consensus of $34.31 per share and $4.31 billion, respectively. TripAdvisor beat on the bottom line by 2 cents to 36 cents per share on a big sales miss of $439 million, well beneath the $454.3 million expected.
Earnings guidance for both companies have taken the wind out of these stocks in the after-market: Priceline by roughly 6.5% and TripAdvisor by 8%. Priceline's room night booked for next quarter shows a high range of 13%, beneath the 15% consensus. TripAdvisor hosts its earnings call tomorrow morning, but traders are sending the stock lower largely on weak revenues in the quarter.
For more info on Priceline's earnings results, click here.
Weight Watchers WTW again easily outperformed expectations on both top and bottom lines: 65 cents per share in the quarter amounted to a 35.4% positive surprise, and also swung to a gain year over year from the estimate of 48 cents per share. The trailing 4 quarters for WTW showed an earnings beat average of 34%. Sales in the quarter of $324 million was better than the $316 million expected. Shares of Weight Watchers are up 8.6% in late trading.
For more info on Weight Watchers' earnings results, click here.
Also, click here for a report on Etsy's (ETSY) latest earnings report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment